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Compliance Action, Volume 20, Number 6

May 19, 2015

Mortgage Servicing: CFPB Sues Green Tree (3 Action Steps)

Recent enforcement action taken by the CFPB against a mortgage servicing firm illustrates that almost any violation of a consumer protection regulation can carry the double whammy of also violating the FTC Act's UDAP prohibitions.


Caution: TRID's Narrowly Defined Changed Circumstances (4 Action Steps)

Proper estimation of settlement service provider fees will be crucial to providing consumers Loan Estimate and Closing Disclosures under the new TRID rules.

Action Training
TRID Timing Tripwires Quick Reference (Chart)

Pay close attention to TRID's detailed timing requirements effective for covered transactions as of August 1st.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Of What Value is the APR?

By Lucy Griffin

Anyone who thinks the APR is of little or no value doesn't understand mortgage credit – or APRs.

Compliance Q & A

We Want to Hear From You!

Click on the article link to read about some upcoming changes and take a moment to give us your input!

Editor:
Lucy H. Griffin, Esq.
Board of Advisors:
Patti Blenden
John S. Byrne, Esq.
David Battle
Robert P. Chamness
David Dickinson
Phillips G. Gay, Jr.
Barbara Hurst
Robert G. Rowe, III, Esq.
Michael D. Maher
Andy Zavoina

Compliance Action