United States:
CFPB Update On Mortgage Regulation Exam Procedures
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On August 15, the CFPB released a second update
to its exam procedures in connection with mortgage
regulations to cover: (i) ability-to-repay; (ii)
qualified mortgages; (iii) high-cost mortgages;
(iv) appraisals for higher-priced loans; and (v) amendments related
to the escrows rule.
CFPB Release.
RESPA Exam Procedures.
TILA Exam Procedures.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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