On July 11, 2014, the CFPB issued supervisory and enforcement guidance entitled “Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders.” The guidance addresses regulatory requirements applicable to mortgage brokers under the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA). … Continue Reading
mortgage broker
Mortgage originator examination procedures released
By Richard J. Andreano, Jr. on
Posted in Mortgages, Regulatory and Enforcement
Yesterday, the CFPB released procedures for its examiners to use in examinations of mortgage brokers and mortgage lenders. We’ll be saying more about the procedures in an upcoming blog post.… Continue Reading