Residential MortgageCompliance Monitor


  • CFPB Proposes Amendments to ECOA to Provide More Flexibility for Lenders

    The Consumer Financial Protection Bureau (CFPB) has issued proposed changes to the Equal Credit Opportunity Act in order to provide lenders with additional flexibility when collecting consumer ethnicity and race information.


  • FFIEC Updates HMDA Technology Platform for Filing LAR

    January 2017, the Federal Financial Institutions Examinations Council (FFIEC)  updated its technology platform for filing the Loan Application Register (LAR) as required by the Home Mortgage Disclosure Act (HMDA).  For HMDA data collected in or after 2017, a web-based data submission and edit-check system (the HMDA Platform) has been created to process HMDA data.


  • CFPB Publishes Notice Regarding Semiannual Regulatory Agenda

    December 23, 2016 the Consumer Financial Protection Bureau (CFPB) published Federal Register Notice Vol. 81, No. 247, Semiannual Regulatory Agenda. The notice is published as part of the Fall 2016 Unified Agenda of Federal Regulatory and Deregulatory Actions.


  • CFPB Publishes Small Entity Compliance Guide for New Servicing Rules

    November 30, 2016 the Consumer Financial Protection Bureau (CFPB) published a Small Entity Compliance Guide on the final rules that were announced in August 2016, known as the 2016 Mortgage Servicing Rule.


  • CFPB Revises Gramm-Leach-Bliley Act Examination Procedures

    Institutions no longer required to provide annual privacy notice if certain criteria is met October 28, 2016 the Consumer Financial Protection Bureau (CFPB) announced a revision to the bureau’s examination procedures concerning the Gramm Leach Bliley Act.   Examiners reviewing compliance with GLBA’s implementing Regulation P [12 CFR 1016] will now find that the revised examination […]


  • CFPB Outlines Next Priority Areas for Enforcement and Supervision

    In a speech to the Mortgage Bankers Association October 25, Consumer Financial Protection Bureau Director Richard Cordray highlighted three priority areas for enforcement and supervision in the next year.


  • CFPB Issues Updated TRID Compliance Guides

    October 2016, the Consumer Financial Protection Bureau (CFPB) published two updated guides pertaining to the Truth in Lending Integrated Disclosure (TRID) rule, a Guide to Forms booklet and a Small Entity Compliance Guide. The Small Entity Compliance Guide reflects a number of changes made since the original publication was issued in April 2014.


  • CFPB Finalizes New Servicing Rules, Expands Foreclosure Protections

    August 4, 2016 the Consumer Financial Protection Bureau (CFPB) finalized new rules under RESPA and Truth in Lending. The final rule amends certain mortgage servicing rules issued in 2013.
    Amendments to the 2013 Mortgage Rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z)


  • CFPB Outlines Foreclosure Prevention Guiding Principles

    August 2, 2016 the Consumer Financial Protection Bureau (CFPB) outlined consumer protection principles to guide mortgage servicers, investors, government housing agencies, and policymakers as they develop new foreclosure relief solutions.


  • CFPB Updates Mortgage Servicing Examination Procedures

    CFPB Releases Special Edition of Supervision Highlights and Updates Mortgage Servicing Exam Procedures June 22, 2016  the Consumer Financial Protection Bureau (CFPB) released a special edition supervision report focused specifically on mortgage servicers. The report found that some mortgage servicers continue to use failed technology that has already harmed consumers, putting the company in violation […]


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