Acting Director Mulvaney Calls for Evidence and Public Comment on CFPB Functions

by | Jan 23, 2018 | CFPB, Closing, Education, FHA/HUD, FNMA /Fannie Mae, Government Oversite, mortgage, Privacy and Public Records, Real Estate Law

Seeks Public Input on Ways to Better Fulfill Statutory Obligations JAN 17, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau today announced that it is issuing a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions...

Don’t Believe Those Online e-Notarize Ads

by | Jan 17, 2018 | Closing, Education, Notaries, Privacy and Public Records, Property Records Industry Assoc PRIA, Real Estate Law, Recording of Legal Documents, Technology, Title Technology

In Minnesota and other states, electronic notarization (e-Notarization) is moving fast. But DO NOT BELIEVE THE ADS. It is complicated. Each state has its own laws, rules, and especially its own legal terminology. In Minnesota, a notary may perform electronic notarial...

CFPB Finalizes Updates to “Know Before You Owe” Mortgage Disclosure

by | Jul 10, 2017 | CFPB, Closing, Common Interest Communities, Education, Government Oversite, Industry News, Privacy and Public Records, Real Estate Law, RESPA, TRID Truth in Lending RESPA Integrated Disclosure

Press Release July 7, 2017 The Consumer Financial Protection Bureau (CFPB) today finalized updates to its “Know Before You Owe” mortgage disclosure rule with amendments that are intended to formalize guidance in the rule, and provide greater clarity and certainty. The...

CFPB Seeks Comments on Proposed Mortgage Servicing Rule

by | May 24, 2017 | CFPB, Closing, FinCEN, FNMA /Fannie Mae, Foreclosure, Fraud, Government Oversite, Industry News, Must Read and See, Privacy and Public Records, RESPA, SEC Securities and Exchange Commissionn, TRID Truth in Lending RESPA Integrated Disclosure

CFPB Seeks Servicing Agent Comments on Proposed Mortgage Servicing Rules.  This is an important discussion for Service Providers who work for Mortgage Lenders  LINK TO CFPB POST By Erik Durbin and Paul Rothstein – MAY 04, 2017 Today, we’ve released our plan to assess...

CFPB Updates Use of Service Providers

by | Nov 7, 2016 | Abstracting/Searching, CFPB, Closing, Education, Government Oversite, Industry News, Mobile Notaries, Privacy and Public Records, Real Estate Law, Title Insurance, Title Insurance Lawsuits, TRID Truth in Lending RESPA Integrated Disclosure

On October 31st, the CFPB issued updates to lenders  on use of Service Providers. This appears to allow a bit more flexibility for the lender to handle day to day affairs with its Servie Providers and is good news for title companies, abstracting and closing...