CFPB

CFPB – TRID-RESPA FAQs Update – Construction Loans – Dated May 31, 2019 – Effective Immediately

Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements.  In this update the bureau addresses construction loans. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules.  They communicate these clarifications through the TRID-RESPA FAQs, which we have attached below [...]

2019-06-07T10:42:51-05:00June 10th, 2019|

CFPB – Consumer Financial Protection Bureau Releases List of Counties for 2019 that Qualify as Rural or Underserved Counties – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Each year the CFPB updates their Rural and Underserved Counties list.  You may not think this update applies to your origination business, but read closely and learn from our expert how these underserved areas may be a great niche for you to participate in. Rule Synopsis: Consumer Financial Protection [...]

2019-03-10T14:40:09-05:00March 10th, 2019|

Did you know that you can get a FREE annual credit report from each credit bureau? It’s easy! Just go to www.annualcreditreport.com and run your own credit report. There is no downside to doing this, and you may discover an error. I have a great Credit Review Checklist that you can use to review your credit. Comment below and I’ll send it to you!

Related Article Title: CFPB – Credit Review Checklist for Consumers Written By: Tammy Butler, Master CMB Credit issues, or unfounded fears of credit issues, prevent many clients from starting the home-buying process. One way to help consumers become customers is to provide them with educational guidance. Interpretive Comments: The FTC (Federal Trade Commission) states that one in five [...]

2019-02-25T08:19:43-05:00February 10th, 2019|CFPB, Social Media Posts|

Credit errors and fear of credit issues result in people thinking that they may not be able to qualify to own their own home. Don’t fear! We have a credit review checklist to help guide you through reviewing your credit and fixing errors. Comment below and I’ll send you a copy!

Related Article Title: CFPB – Credit Review Checklist for Consumers Written By: Tammy Butler, Master CMB Credit issues, or unfounded fears of credit issues, prevent many clients from starting the home-buying process. One way to help consumers become customers is to provide them with educational guidance. Interpretive Comments: The FTC (Federal Trade Commission) states that one in five [...]

2019-02-10T18:50:46-05:00February 10th, 2019|CFPB, Social Media Posts|

Did you know the FTC reported that one in five consumers has a credit report error? If you’d like a checklist to review your credit history and ways to fix an error, comment below.

Related Article Title: CFPB – Credit Review Checklist for Consumers Written By: Tammy Butler, Master CMB Credit issues, or unfounded fears of credit issues, prevent many clients from starting the home-buying process. One way to help consumers become customers is to provide them with educational guidance. Interpretive Comments: The FTC (Federal Trade Commission) states that one [...]

2019-02-10T18:51:12-05:00February 10th, 2019|CFPB, Social Media Posts|