The CFPB will take all of the content and commentary it has provided informally during webinars and at industry events, reconstituting it into some type of formal, definitive, and authoritative guidance.
Two industry sources confirmed this week that the Consumer Financial Protection Bureau will, indeed, begin examining for compliance with the integrated disclosure rule known as TRID this month.
When it comes to CFPB enforcement, analysts at Compass Point Research & Trading said in a recent client note that they expect little shift from the bureau’s current agenda.
Fannie noted that lenders aren’t obligated to self-report any matters related to possible TRID non-compliance except in two limited circumstances where a repurchase demand is an authorized remedy.
FMC bought these current loans out of Ginnie pools at lower prices applicable to delinquent loans, the SEC said. But in reality, the mortgages were really current…