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Daily Archives: July 22, 2024

CFPB proposes rule for mortgage servicing and loss mitigation

InsightsBy APPROVED LicensingJuly 22, 2024

The proposed amendments to RESPA seek to improve borrower protections and streamline processes, and would not apply to small servicers.

HUD proposes rule to govern the sale of FHA mortgage notes

InsightsBy APPROVED LicensingJuly 22, 2024

According to HUD, the proposed rule would increase the availability of affordable homes and enhance the stability of communities.

CFPB proposes an interpretive rule for earned wage access

InsightsBy APPROVED LicensingJuly 22, 2024

Paycheck advance products would be considered consumer loans and therefore subject to TILA and Regulation Z disclosure requirements.

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