MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans

The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued the following joint statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.

Panel Highlights Recommendations for Changes to RESPA Section 8

DENVER–Fifty years after the passage of the Real Estate Settlement Procedures Act, reforms and clarifications are needed, a panel said at the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28.