Monthly Archives: March 2015

TILA RESPA Integration disclosure – CFPB’s Timeline Example

Written on March 23, 2015 at 8:57 am

The Consumer Financial Protection Bureau (CFPB) has created a timeline example to illustrate, in calendar form, the process and timing of disclosures for an example real estate purchase transaction under the TILA RESPA Integrated Disclosure rule that will become effective on August 1, 2015. Access CFPB document here. Read More...

Integrated Mortgage Disclosure Rules & Compliance – Wells Fargo

Written on March 18, 2015 at 9:21 pm

How should you prepare for the August 1, 2015, effective date for the new TILA-RESPA Integrated Disclosure Rule? Wells Fargo issued its Settlement Agent Communication as of March 16, 2015 for compliance with the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rules. Read here. Read More...

CFPB Rules & Closing Compliance – Bank of America

Written on March 18, 2015 at 8:54 pm

How will the new Consumer Financial Protection Bureau (CFPB) rules impact your business?   Bank of America’s Agent Resource Center provides a Q&A addressing a range of questions.  In addition,  the letter to settlement agents covers specific compliance and implementation issues: Bank of America – CFPB Integrated Mortgage Disclosures 3 6 15-FINAL Read More...

56 Percent of 3.3 Million HELOCs Scheduled to Reset With Higher Rates in Next Four Years Are on Underwater Homes

Written on March 5, 2015 at 5:33 pm

IRVINE, Calif. – March 5, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its first-ever U.S. HELOC Resetting Report, which found that 56 percent of the 3.3 million Home Equity Lines of Credit potentially resetting with higher, fully amortizing monthly payments from 2015 to 2018 are on properties that are seriously  Read More Read More...