Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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What the Dodd-Frank rollback means for real estate

Congress passed reforms to Obama-era Dodd-Frank banking regulations Tuesday, a move that could have a serious impact on the real estate industry.

Regulatory Relief Bill Passes Congress – Is Mortgage Lending Freedom Ahead?

Change is coming to the mortgage industry in the form of lessened restrictions for many community banks, along with greater consumer protections. The Economic Growth, Regulatory Relief and Consumer Protection Act—a bill rolls back many Dodd-Frank Wall Street Reform and Consumer Protection Act regulations imposed in 2008 following the financial crisis—has been signed into law. […]

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Regulatory Relief Bill Passes Senate

Following the financial crisis of 2008 and the Great Recession, the federal government imposed regulations in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act—an effort to ensure financial stability and consumer protection. Senate Banking Committee Chair Mike Crapo introduced bill S. 2155—the Economic Growth, Regulatory Relief, and Consumer Protection Act—which proposes […]

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NAR lobbies for ‘Mortgage Choice Act’ in support of affiliated lenders

Stalled in Congress since 2013, an amendment to Dodd-Frank aimed at easing regulatory burdens against mortgage lenders was expected to go before the House Committee on Rules Monday with the full support of the National Association of Realtors (NAR) …

Co-Marketing Under RESPA Section 8

When two or more settlement service providers co-market their businesses through advertisements such as printed flyers, online banners or real estate portal web pages, the advertising efforts may be subject to analysis under the Real Estate Settlement Procedures Act (RESPA). In 2010, Congress passed the Dodd-Frank Act, which transferred RESPA’s rulemaking and enforcement authority from […]

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CFPB Proposal Aims to Clarify Home Mortgage Disclosure Act Rule

The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would clarify the 2015 Home Mortgage Disclosure Act (HMDA) Final Rule. The HMDA requires many lenders to report information about mortgages they originate or purchase so that regulators can assess whether lenders are serving local housing needs, among other indicators. The HMDA was updated […]

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CFPB Proposal Aims to Clarify Home Mortgage Disclosure Act Rule

The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would clarify the 2015 Home Mortgage Disclosure Act (HMDA) Final Rule. The HMDA requires many lenders to report information about mortgages they originate or purchase so that regulators can assess whether lenders are serving local housing needs, among other indicators. The HMDA was updated […]

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