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Monday, January 13, 2014

CFPB Updates Mortgage Exam Procedures, Mandatory Consumer Publications

The Consumer Financial Protection Bureau (CFPB) on Friday released updated examination procedures related to the mortgage rules taking effect today, both origination and servicing issues.
Also last week, the CFPB issued updated versions of three publications that lenders are required to give to consumers under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z).  The publications cover home equity lines of credit, adjustable-rate mortgages, and settlement costs.
Read the updated procedures for origination.

Read the updated procedures for servicing.

Read the updated publications for Reg X and Reg Z.