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CFPB Publishes Assessments of Ability-to-Repay & Mortgage Servicing Rules

Thursday, January 10, 2019   (0 Comments)
Posted by: Brittany Sawyer
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CFPB Publishes Assessments of Ability-to-Repay & Mortgage Servicing Rules

 

The Consumer Financial Protection Bureau (CFPB) published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule issued under the Real Estate Settlement Procedures Act (RESPA). RESPRO has provided much input during this process and much discussion our Policy Committee calls. As RESPRO President Ken Trepeta has said, "This assessment potentially opens the door to reforms. RESPRO® provided much input during this process." 

CLICK HERE for the CFPB press release.

CLICK HERE for the The Ability to Repay and Qualified Mortgage Rule Assessment Report.

CLICK HERE for the 2013 RESPA Servicing Rule Assessment Report.

 



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