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A Final Mortgage Disclosure Form Will Likely Be Delayed
"We targeted October but we wanted to make sure we get it right. There's a lot of work to do so it could be later this year as well," said Horn at a Mortgage Bankers Association regulatory conference last week.
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Regulators Want Lenders to Turn Themselves In
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Bankers Will Face A Different QM Definition from FHA
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CFPB Weighing New Guidance on Bankrupt Borrowers
"We are continuing to look at a handful of discrete issues ... one that we know has been significant concern is bankruptcy overlay with periodic statements in particular," said Kelly Cochran, the CFPB's assistant director of regulations, at the MBA conference. "We're looking at whether to provide guidance to provide ways to facilitate a process which has been consuming a lot of our resources and generating a lot of concerns."
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CFPB Will Clarify Its New Mortgage Servicing Rule
"We have been working hard to support implementation across all of the rules and providing a number of materials throughout that process," said Cochran. "We believe we've made significant improvements that will help both consumers and the industry as they work through this process."