The Consumer Financial Protection Bureau yesterday issued a notice of proposed rulemaking to delay the mandatory compliance date of the General Qualified Mortgage final rule by more than a year, from July 1 to Oct. 1, 2022.
Tag: Consumer Financial Protection Bureau
CFPB Proposes Delay of QM Final Rule Mandatory Compliance Date to Oct. 2022
The Consumer Financial Protection Bureau yesterday issued a notice of proposed rulemaking to delay the mandatory compliance date of the General Qualified Mortgage final rule by more than a year, from July 1 to Oct. 1, 2022.
CFPB Study: 11 Million Families at Risk of Losing Housing
With federal foreclosure moratoria slated to end June 30, the Consumer Financial Protection Bureau this week issued a report warning of widespread evictions and foreclosures, absent additional public and private action.
Anita Bush: Effective Forbearance Management for Mortgage Loan Servicers
In this article, we’ll address some of the servicer’s legal requirements and offer three keys to success intended to help servicers manage the post-forbearance process.
MBA Comment Letter Asks Level Playing Field on Consumer Access to Financial Records
The Mortgage Bankers Association submitted a comment letter yesterday to the Consumer Financial Protection Bureau, asking that a Bureau proposal on consumer access to financial records provide a level playing field for all authorized data users and promotes consumer awareness in the ways that data are accessed and used.
Kraninger Steps Down as CFPB Director
Consumer Financial Protection Bureau Director Kathy Kraninger announced her resignation yesterday effective immediately, paving the way for President Joe Biden’s nominee, Rohit Chopra, to take over the agency.
CFPB Issues Final Rules Clarifying Role of Supervisory Guidance, Escrow Accounts
In final actions of the Trump Administration, the Consumer Financial Protection Bureau yesterday issued two final rules. The first confirms the Bureau’s use of supervisory guidance for its supervised institutions; the second exempts certain financial institutions from establishing escrow accounts for higher-priced mortgage loans.
Biden Nominates Rohit Chopra to Lead CFPB
President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.
Biden Nominates Rohit Chopra to Lead CFPB
President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.
Housing Market Roundup, Jan. 4, 2021
We hope you had an enjoyable holiday break. Here is a summary of some reports that came out over the holidays: