Straight talk on new Settlement Cost Booklet, I mean Toolkit
To go along with the new integrated disclosures, there's a new Settlement Cost Booklet- now called a Toolkit- to go along with them. Our...
Whether to take advantage of the "managerial" exception for LO Compensation: Analyzed.
As you're probably aware, there is an exception from the Loan Originator compensation rules for managers, defined as persons who...
Do you already have written policies/procedures for the CFPB's LO Rule?
For depository institutions, having written policies and procedures for the Federal Loan Originator Rule (addressing compensation and...
TRID Update: Changes During 3 Business Day Waiting Period--Not So Bad After Revisions by CFPB.
With updates and revisions to proposed TILA-RESPA Integrated Disclosure rules (TRID), it's hard to keep track of what the actual rule is...
Are new CFPB interpretations of LO Comp. rule surprising?
The CFPB has recently taken a surprising stance on how to apply the federal loan originator compensation rule regarding the "proxy"...