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The Consumer Financial Protection Bureau (CFPB) announced a proposal on Wednesday to postpone the implementation date of the TILA-RESPA Integrated Disclosure (TRID) rule from August 1 to October 1. Continue reading
CFPB Director Richard Cordray squashed rumors earlier this week of a possible delay in the August 1, 2015 implementation of the TILA-RESPA Integrated Disclosure (TRID) rule.
In an effort to protect those affected by the upcoming implementation of the TILA-RESPA Integrated Disclosure (TRID), Congressman Steve Pearce (R-NM) and Congressman Brad Sherman (D-CA) have introduced a bill that will provide temporary legal protection.
The deadline for CFPB Director Richard Cordray to respond to a letter proposing a delay in the implementation of the new TILA-RESPA rule is rapidly approaching. The deadline—Friday, April 17—will be closely followed by the mortgage industry in particular.
In a unanimous decision on Monday, the Supreme Court held that the Department of Labor does not have to adhere to notice-and-comment procedures as outlined in the Administrative Procedures Act (APA). Perez v. Mortgage Bankers Association was the landmark case that allowed the Justices to come to this decision.
U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro is set to testify February 11 before the House Financial Services Committee. The Committee will propose questions about the financial status of the Federal Housing Administration (FHA), the recent announcement of the lowering of mortgage insurance premiums, and the condition of the Mutual Mortgage Insurance Fund (MMIF) among other topics.
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