Skip to main content

A Recap of Recent Mortgage Servicing Blog Posts

A Recap of Recent Mortgage Servicing Blog Posts:
Written by Steve Van Beek
We've been blogging on the CFPB's mortgage servicing proposals quite a bit recently.  And, naturally, quite a few of those blog posts have been lengthy.  I wanted to take a bit to consolidate some of those blog posts in a central location (with links) to help keep everyone organized.
CFPB Issues Mortgage Servicing Proposal.  This blog post announces the CFPB's mortgage servicing proposals, links to the actual proposals, summaries and additional resources.  
Summaries of Three TILA Proposed Changes.  This blog post includes the summaries of the CFPB's three main proposed changes to Regulation Z (TILA).  The post includes links to the preambles, regulatory text, official staff commentary and any model forms.  
Summaries of the First Three RESPA Proposed Changes.  This blog post includes the summaries of the CFPB's first three main proposed changes to Regulation X (RESPA).  The post also includes links to the preambles, regulatory text, official staff commentary and any model forms.
Summaries of the Last Three RESPA Proposed Changes.  This blog post includes the summaries of the CFPB's last three main proposed changes to Regulation X (RESPA).  The post also includes links to the preambles, regulatory text, official staff commentary and any model forms.
Proposed Exemption for Credit Unions that Service 1000 of Fewer Mortgages.  This blog post reviews the CFPB's proposal to exempt - from the mortgage periodic statement requirement - credit unions that service 1000 or fewer mortgage loans.  
Proposed Coupon Book Exemption.  This blog post reviews the CFPB's proposed implementation of the "coupon book exemption" which would allow credit unions to send coupon books in lieu of periodic statements for their fixed-rate mortgage loans if they followed the proposed requirements.      
***
Just the Beginning.  Don't worry - there will be plenty of additional issues that come out of the CFPB's proposed mortgage rules.  We'll do our best to keep everyone up to date on these issues.  If you are interested, we'll be covering the CFPB's proposed mortgage rules in depth during our September 5th webcast as well as our Regulatory Compliance Seminar in Seattle, Washington (October 23-26).  
Note:  The early-bird pricing for both of these events is rapidly approaching (Wednesday, August 29th for the webcast and Friday, August 31st for Seminar).  Additionally, the main hotel for Seminar is completely booked - although there are numerous other hotels within short walking distance.  

Comments

Popular posts from this blog

NCOFCU Newsletter

The Bucket Coach is a financial advice book designed by Fire Services Credit Union, Tronto, Canada. and written exclusively for Fire Fighters It's a practical guide for household financial management, including investments, credit and mortgages, and retirement. Developed with contributions from Fire Fighters," NCOFCU Newsletter : " Kevin Connolly Chief Executive Officer    Fire Services Credit Union Phone: 416-440-1294 ext 301  Toll Free: 1-866-833-3285 E-mail:  kevin@firecreditunion.ca 1997 Avenue Rd Toronto, ON M5M 4A3 

Vought: ‘We’re Closing Down The CFPB’ — White House Budget Chief Says Agency Will Shut Down Within Months

  10/16/2025 09:03 am         WASHINGTON—White House Budget Director Russell Vought said Wednesday he plans to shut down the CFPB, PYMNTS reported. Russell Vought Speaking on  The Charlie Kirk Show , Vought said only a handful of employees remain at the CFPB’s Washington headquarters “while we close down the agency,” adding that he expects the process to be completed “within the next two or three months.” Vought’s remarks come amid a series of legal challenges targeting the Administration’s attempts to scale back or dismantle the CFPB. The Administration is currently facing lawsuits from a CFPB labor union and consumer advocacy groups, which argue that Trump lacks the authority to dismiss most of the Bureau’s staff or eliminate the agency altogether. On Wednesday, Vought repeated long-standing Republican criticisms that the CFPB has exceeded its authority and imposed unfair burdens on smaller financial institutions, PYMNTS noted. “All they want to do is wea...

AI Meets Retail: Walmart Lets Shoppers Buy Directly Through ChatGPT Using Sparky Instant Checkout

  10/15/2025 07:10 pm         BENTONVILLE, Ark.— Walmart is teaming up with OpenAI to introduce Sparky AI-driven shopping experiences that let customers and Sam’s Club members complete purchases directly through ChatGPT using its new Instant Checkout feature, PYMNTS reported. The collaboration broadens Walmart’s use of artificial intelligence across its retail ecosystem and underscores a wider industry move toward conversational, predictive commerce. Through the integration, shoppers can plan meals, restock household essentials, or discover new products simply by chatting with ChatGPT—while Walmart manages the entire transaction process seamlessly in the background, PYMNTS explained. “For many years now, eCommerce shopping experiences have consisted of a search bar and a long list of item responses,” Doug McMillon, president and CEO of Walmart Inc., stated in the PYMNTS report. “That is about to change. There is a native AI experience coming that is multi-media...

Understanding the Fed’s Balance Sheet

Chair Jerome H. Powell Monetary policy is more effective when the public understands what the Federal Reserve does and why. With that in mind, I hope to enhance understanding of one of the more arcane and technical aspects of monetary policy: the Federal Reserve's balance sheet. A colleague recently compared this topic to a trip to the dentist, but that comparison may be unfair—to dentists. 1 Today, I will discuss the essential role our balance sheet played during the pandemic, along with some lessons learned. I will then review our ample reserves implementation framework and the progress we have made toward normalizing the size of our balance sheet. I will conclude with some brief remarks on the economic outlook. Background on the Fed's Balance Sheet One of the primary purposes of a central bank is to provide the monetary foundation for the financial system and the broader economy. This foundation is made of central bank liabilities. On the Fed's balance sheet, the liabili...

New from AutoLink

New from AutoLink