Topic
Mortgage Disclosure
71 published works
Consumer Finance Monitor
CFPB releases voluntary report on October 2015 and subsequent HMDA Rule amendments
As previously reported, in June 2021 the CFPB announced that it would conduct a voluntary review of the significant amendments to the Home Mortgage Disclosure Act (HMDA) rule adopted in…
Consumer Finance Enforcement Watch
CFPB Enters Into Consent Order with Mortgage Lender for $140,000
By Viona Harris
On April 27, 2021, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a reverse mortgage broker and lender, resolving allegations that the…
Consumer Finance Monitor
CFPB Announces Eighth Consent Order for False and Misleading Mortgage Advertising of VA-Guaranteed Mortgages
By Richard J. Andreano, Jr., Ballard CFS Group
On September 14, 2020, the CFPB announced a consent order against ClearPath Lending, Inc. (ClearPath), which includes a civil money penalty of $625,000 and requirements to prevent future violations. The…
Consumer Finance Monitor
CFPB Issues Additional Consent Orders for False and Misleading Mortgage Advertising
By Richard J. Andreano, Jr., Ballard CFS Group
Since late July, the CFPB has issued seven consent orders against mortgage companies in which the CFPB asserts that the companies engaged in false and misleading advertising to service members…
Consumer Finance Monitor
CFPB Issues Additional Consent Order for False and Misleading Mortgage Advertising
By Richard J. Andreano, Jr., Ballard CFS Group
On August 21, 2020, the CFPB announced the issuance of a consent order against Go Direct Lenders, Inc. (Go Direct). This follows consent orders discussed in a previous blog post,…
Consumer Finance Monitor
CFPB Publishes TRID FAQ’s and a Factsheet on Treatment of Title Insurance Premiums
On June 9, 2020, the CFPB published four new TRID FAQ’s and a TRID Factsheet (“Factsheet”). While the Factsheet is focused solely on the handling of title insurance disclosures under…
MoFo ReEnforcement: The Enforcement Blog
Home Mortgage Disclosure Act Amendments: CFPB Issues Two Regulation C Releases
On May 2, 2019, the CFPB issued two releases related to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The CFPB released a notice of proposed rulemaking (NPRM)…
Consumer Finance Monitor
CFPB Releases Redesigned HMDA Research and Data Page
The CFPB recently released a redesigned version of its Home Mortgage Disclosure Act (HMDA) data and research page. The webpage provides access to various types of HMDA information and data,…
Consumer Finance Monitor
CFPB Addresses Partial HMDA Exemption for Certain Depository Lenders
The Consumer Financial Protection Bureau (CFPB) recently issued a statement regarding the partial exemption from Home Mortgage Disclosure Act (HMDA) reporting requirements for certain lower mortgage volume depository institution lenders…
Crunched Credit
D.C. Circuit to CFPB: “Go forth and conquer!” CFPB Responds: “No thanks.”
By Gina Leahey, Crunched Credit
In seven short years, the Consumer Financial Protection Bureau (CFPB) has managed to court controversy across the political spectrum. Under the leadership of former Director Richard Cordray, the bureau (for…