CFPB outlines exam priorities for 2016

Matthew Smith and Richard J. Andreano, Jr. The CFPB's Deputy Assistant Director for origination recently warned mortgage lenders of the four main examination priorities for 2016-loan originator compensation plans, the ability-to-repay rule, the TILA-RESPA Integrated Disclosures (TRID) rule, and marketing service agreements. Speaking at the California MBA Legal Issues Conference, Calvin Hagins indicated that CFPB examiners will spend a substantial amount of... More >...(read more)

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