David Motley, president of Colonial Savings and CU Members Mortgage, said a recent proposed rule from the CFPB, if allowed to take effect, could help ameliorate the impact of one of the agency's other mortgage rules.
CU Members Mortgage is a Dallas-based mortgage originator based in Dallas that serves more than 1,000 credit unions.
In an interview with CU Times, Motley said he looked forward to the prospect of the CFPB allowing mortgage issuers to fix small mistakes they made in the calculation of fees when underwriting qualified mortgage loans.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
