Here it comes: New mortgage servicing rules
by Dennis Agle Unless you’ve been living lately on one of the remoter planets in our solar system, you’ve likely been inundated with a flood of information about the new mortgage servicing rules [...]
Posts Tagged ‘Dood-Frank’
Fun new mortgage servicing rules: The error-resolution & information request rule
by Coppelia Padgett Just for fun, let’s break down the new mortgage servicing rules that are due to be implemented next January. In this series of articles, we are going to look at the [...]
CUNA Tells Lawmakers Credit Unions Merit Full QM Exemption
Credit Union National Association witness Jerry Reed testified yesterday that credit unions worry that the Consumer Financial Protection Bureau's Qualified Mortgage (QM) rule will make it all but impossible for credit unions to write non-QM [...]
ECUM: Dodd-Frank Pushing Up Compliance Costs
NAFCU member credit unions responding to a survey for the May Economic and CU Monitor newsletter are getting a head start on compliance with the CFPB’s ability-to-repay/qualified mortgage rule, and 44 percent say [...]
Too Big To Fail: 3 Lessons of the “London Whale” Debacle
By Christopher Matthews The London Whale debacle, and the subsequent Senate investigation, gives us a window into the culture and operations of the biggest bank in America... Of the many scandals that have plagued Wall [...]