Latest news from http://www.mortgagebiznews.com http://www.mortgagebiznews.com http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFgBRCW-TxhxcUYkn6_GtiJLlCt6Q&url=http://www.marketwatch.com/story/questsoft-adds-geocoding-auditing-and-lending-analysis-to-hmda-relief-2012-02-06 Mon, 06 Feb 2012 11:31:31 -0500 QuestSoft Adds Geocoding Auditing and Lending Analysis to HMDA RELIEFMarketWatch (press release)QuestSoft also offers Compliance EAGLE, an automated compliance review tool that helps financial institutions evaluate loan files for adherence to the full range of mortgage lending regulations, including Real Estate Settlement Procedures Act (RESPA), ...and more » tag:news.google.com,2005:cluster=http://www.marketwatch.com/story/questsoft-adds-geocoding-auditing-and-lending-analysis-to-hmda-relief-2012-02-06 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHMz2-VggzS6gtJ5oGOWEFvwHRtqg&url=http://www.cantonrep.com/opinion/x782336507/Government-regulation-You-share-stories-about-good-bad-experiences Mon, 06 Feb 2012 07:42:56 -0500 Government regulation: You share stories about good, bad experiencesCanton Repository“The Real Estate Settlement Procedures Act (RESPA) was a huge fiasco when originally enacted. Under that regulation, the lender was required to have a form filled by the seller that covered the following: A. When did you purchase your home? tag:news.google.com,2005:cluster=http://www.cantonrep.com/opinion/x782336507/Government-regulation-You-share-stories-about-good-bad-experiences http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGqara_MF0NnkXjG0X6RBtENZu6aA&url=http://ca.linexlegal.com/contents/view/3786057 Fri, 03 Feb 2012 14:35:05 -0500 Ballard Spahr | No “speed bump” for CFPB remittance transfer ruleLinex Legal (press release) (registration)According to the CFPB's first Semi-Annual Report to Congress (on which we commented in another blog post), the rules it has planned for the first six months of 2012 include TILA/RESPA mortgage loan rules to implement Dodd-Frank Title XIV.and more » tag:news.google.com,2005:cluster=http://ca.linexlegal.com/contents/view/3786057 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFaoSRfUWMtiKb-JuZGGNE3RLLxPQ&url=http://www.mortgagenewsdaily.com/channels/pipelinepress/02032012-mba-classes-servicing-comp.aspx Fri, 03 Feb 2012 10:38:28 -0500 PHH Restructuring; MBA Classes; Servicing Comp Change Bearing...Mortgage News DailyAny "special fees" charged must be authorized by the DRE via an advance fee contract; Additionally, the Real Estate Settlement Procedures Act (RESPA) requires these fees to correspond to an actual service performed-in other words, the buyer must be ... tag:news.google.com,2005:cluster=http://www.mortgagenewsdaily.com/channels/pipelinepress/02032012-mba-classes-servicing-comp.aspx http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGxpIOFGuAcB64eU8VZOldciVDzlA&url=http://www.lexology.com/library/detail.aspx?g=bd9c8607-3d96-4e14-bad0-f32a44a7a451 Thu, 02 Feb 2012 09:32:49 -0500 Financial services legislative and regulatory update - January 30, 2012Lexology (registration)In addition to new nonbank activity, Cordray made it clear that the CFPB's top immediate priority is the mortgage disclosure form overhaul of the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA). tag:news.google.com,2005:cluster=http://www.lexology.com/library/detail.aspx?g=bd9c8607-3d96-4e14-bad0-f32a44a7a451 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGqL4Dp3a90djhuY18BE-00E7NGFg&url=http://ca.linexlegal.com/contents/view/3746035 Tue, 31 Jan 2012 10:42:01 -0500 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo | ML Strategies Financial ...Linex Legal (press release) (registration)In addition to new nonbank activity, Cordray made it clear that the CFPB's top immediate priority is the mortgage disclosure form overhaul of the Real Estate Settlement Procedures Act (RESPA) and the January 30, 2012 Page 4 www.mlstrategies.com Truth ...and more » tag:news.google.com,2005:cluster=http://ca.linexlegal.com/contents/view/3746035 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFud6Rhka03P2OozmMMkCEXwMiY9A&url=http://www.marketwatch.com/story/certified-securitization-analysis-llc-enhances-product-offerings-lowers-pricing-and-broadens-scope-by-providing-the-most-comprehensive-evidence-for-victims-caught-in-the-foreclosure-crisis-2012-01-31 Tue, 31 Jan 2012 08:16:45 -0500 Certified Securitization Analysis, LLC Enhances Product Offerings, Lowers ...MarketWatch (press release)This detailed audit and analysis combines a custom Compliance (TILA, RESPA) audit with an SEC and Bloomberg audit, for the purpose of recognizing State statutory violations as issues in your mortgage, thereby presenting valid arguments in court to ...and more » tag:news.google.com,2005:cluster=http://www.marketwatch.com/story/certified-securitization-analysis-llc-enhances-product-offerings-lowers-pricing-and-broadens-scope-by-providing-the-most-comprehensive-evidence-for-victims-caught-in-the-foreclosure-crisis-2012-01-31 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGY8deAroCGRuwfcxkfPHb71Eaz6Q&url=http://www.lexology.com/library/detail.aspx?g=f4c43f1c-6bf9-4a43-bbfb-3b604159b007 Sun, 29 Jan 2012 15:31:34 -0500 “Know Before You Owe” getting closer to the finish lineLexology (registration)Last month, as we reported, the CFPB began testing and requested public input on two revised prototypes (named Mimosa and Sassafras) of a mortgage loan settlement disclosure combining the final TILA disclosure and the RESPA HUD-1 Settlement Statement. tag:news.google.com,2005:cluster=http://www.lexology.com/library/detail.aspx?g=f4c43f1c-6bf9-4a43-bbfb-3b604159b007 http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGfk7awPGUtPx9c7GNeuOpxp0Om6g&url=http://www.lexology.com/library/detail.aspx?g=8bfbc2e9-bc67-4e44-88df-c57642cadb8c Sun, 29 Jan 2012 14:56:47 -0500 Cordray makes first appearance on Capitol HillLexology (registration)Cordray responded that the CFPB is consolidating the mortgage disclosure forms around mortgage closings, including TILA and RESPA. He said that the proposed rule on this will be available in the summer. McHenry asked if there would be a small business ... tag:news.google.com,2005:cluster=http://www.lexology.com/library/detail.aspx?g=8bfbc2e9-bc67-4e44-88df-c57642cadb8c http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNENqvoI9hIZLYtDC9tcFamCgJ1yjg&url=http://ca.linexlegal.com/contents/view/3715474 Fri, 27 Jan 2012 20:50:15 -0500 Weltman, Weinberg & Reis Co., L.P.A. | Dodd-Frank Amendments Change RESPA ...Linex Legal (press release) (registration)Of note, the Act amendments change the timelines for response by servicers to qualified written requests significantly and raise the penalties for certain Real Estate Settlement Procedures Act ("RESPA") violations. The provisions relating to responding ... tag:news.google.com,2005:cluster=http://ca.linexlegal.com/contents/view/3715474