By now, credit union leaders have become accustomed to new regulations coming down the pike. Less awareness exists, however, for the importance of moving early on the steps it takes to comply with these new regulations.
BOSTON — The Consumer Financial Protection Bureau’s qualified mortgage rule that limits closing costs to 3% of the loan balance will have such a big impact on Midwestern credit unions, one Minnesota-based executive said he’d lose money if he complied.
Fred Becker's health scare, risk-based net worth rule, impact of merger rule and more ... check out the bottom lines here.
Lengthy foreclosure process still a drag in some markets, online tracking firm says.
Proposed rule adds some exemptions to Dodd-Frank requirements set to take effect next January.
Tim Mislansky, a leading executive in credit union housing finance, has started a blog aimed at helping credit unions offer mortgage loans.
New Hampshire credit union wants more than $655,000 and mortgage servicing rights from Michigan-based CUSO Development Co.
A three-judge federal appeals panel has ruled that credit unions do not have to pay their mortgage loan officers overtime – at least for now.
Bureau issues semi-annual update that includes working on integrating federal mortgage disclosures.
However, the bureau proposed some modifications to its mortgage rules on June 24 that will provide a transition period for affected lenders.