The regulatory barrage continued last week with the CFPB issuing the last batch of mortgage-related rules it was required to finalize by the Dodd-Frank Act’s January 21 deadline. On January 17, the final rules implementing provisions of the Dodd-Frank Act that relate to mortgage servicing were issued. The servicing rules will take effect on January… More >
Tag Archives: appraisals
CFPB issues two mortgage appraisal proposals
Posted in CFPB Rulemaking, MortgagesThe CFPB has issued two new proposals dealing with mortgage appraisals that implement provisions of the Dodd-Frank Act. One of the proposals would amend Regulation B (Equal Credit Opportunity Act) to require lenders to provide to a first lien mortgage applicant a copy of all written appraisals and valuations developed in connection the application. The lender… More >
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