Legislation

Browse articles from all of our Newsletters related to Legislation.

January 14, 2019 - Inside the CFPB

CFPB Issues Rules on Public Release of Loan Data in 2019

The CFPB has restricted public disclosure of certain mortgage data collected by lenders in 2018 under the Home Mortgage Disclosure Act.


January 10, 2019 - Inside Mortgage Finance

Lender Not Liable for Servicer’s RESPA Violation

Lenders are not liable for a servicer’s failure to comply with the Real Estate Settlement Procedures Act, according to a recent ruling by the U.S. Court of Appeals for the Fifth Circuit. Such claims by borrowers have seen some success in district courts and this was the first time an appeals court considered the issue.


December 20, 2018 - Inside Mortgage Finance

Fair Lending Scrutiny Likely to Intensify with Expanded HMDA Data Reporting

With financial institutions set to report mortgage disclosure data collected in 2018 to the Consumer Financial Protection Bureau, attorneys are concerned that it may lead to an increase in fair lending investigations and enforcement actions by government agencies.


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.
Time for a change. Borrowers are different today.
Undecided, still assessing the situation.

vote to see results