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Monthly Archives: February 2013
The second final rule that the CFPB will implement is referred to as “Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations” and amends Regulation B (Equal Credit Opportunity Act). In general, this new rule amends the current Regulation B rules about providing appraisals to applicants/borrowers as required by the Dodd-Frank Act. This revision to Regulation… Continue reading
By now I’m sure you are all familiar with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 — a large sweeping law covering many aspects of consumer lending and finance. Part of this new law mandated the creation of the Consumer Financial Protection Bureau (CFPB). It took some time to get this bureau set up and fully functional, but in January 2012, President Obama appointed Rich Cordray… Continue reading
Though home foreclosures continue to be a challenge in many hard-hit markets, a report released this week by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul.
According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying home values are rising… Continue reading