Wells Fargo Issues New Settlement Agent Communication on TRID and MSAs
Today, Wells Fargo issued their Q4 2015 Settlement Agent Newsletter, which includes new TRID implementation guidelines as well as their policy on Market Service Agreements…
Category: News
U.S. House Passes TRID Hold Harmless Bill
Bill Expected to Face Challenge in Senate Yesterday evening, the U.S. House of Representatives voted 303-121 to pass H.R. 3192, the Homebuyers Assistance Act, which…
CFPB Announces Proposed Amendment to Delay Know Before You Owe Mortgage Disclosure Rule to Oct. 1
Consumer Financial Protection Bureau Director Richard Corday issued the following statement today on the Know Before You Go Mortgage Disclosure Rule: “The CFPB will be…
CFPB Director Stops Short of Granting Enforcement Grace Period
Today CFPB Director Richard Cordray sent a letter to lawmakers outlining the agency’s position on TRID Enforcement after August 1st. He wrote this letter to…
Wells Fargo Announces Plans for the New CFPB Closing Disclosure Forms
Who will prepare and deliver the forms and how the process will change Wells Fargo has announced how it will proceed under the new CFPB…
CFPB Releases Final Rule on Combined Mortgage Disclosures
Rule Effective on August 1, 2015 The Consumer Financial Protection Bureau (CFPB) today released its final rule on the new combined disclosure/settlement statement that will…
Revised Qualified Residential Mortgage Rule Proposal Introduced
Yesterday, the Federal Reserve and five other federal regulators introduced a revised qualified residential mortgage rule (QRM). This is the rule that requires lenders to…
Senate confirms Cordray to head CFPB
The Senate on Tuesday confirmed Richard Cordray to head the Consumer Financial Protection Bureau, ending years of contentious political wrangling over the leadership of one…
Consumers: Title Insurance is Where the Smart is
For more information about your Owner’s Title Insurance Policy, ask an ALTA Member or visit HOME CLOSING 101.