Category: Escrowing Companies

Start Preamble Start Printed Page 86402 Bureau of Consumer Financial Protection. Final rule; official interpretation. With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of a consumer’s ability to repay any residential mortgage loan, and loans that meet Regulation Z’s requirements for “qualified mortgages” (QMs) obtain certain protections from liability. Regulation Z contains several categories...

Written by Steve Van Beek A couple of additional items before the weekend.  Reminder: NAFCU’s offices will be closing early today and will be closed until Tuesday.   Regulation B Appraisal Finalized.  The CFPB released their final rule for free copies of appraisals under Regulation B.  The press release is here[1].  There is a consumer summary[2] as well as a detailed summary[3]....