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Federal Reserve Issues Interim Final Rule Regarding Real Estate Appraisals

Today, the Federal Reserve issued an interim final rule and request for public comment regarding real estate appraisals, implementing Section 1472 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The interim rule is intended to protect Read More...

Ballard Spahr LLP: CFPB Issues Reverse Mortgage Study and Information Request

By the Consumer Financial Services Group Reverse mortgages are the subject of a Report to Congress and a Notice and Request for Information recently issued by the Consumer Financial Protection Bureau. Report to Congress The report is the product of the CFPB's study of reverse mortgages...

Williams Mullen: Proposed Rules Published on Dodd-Frank Requirements for HOEPA Loans

On August 15, 2012, the Bureau of Consumer Financial Protection (the "Bureau") issued a proposed rule and request for public comment on changes to its Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures Act) to implement the requirements of the Dodd-Frank Wall...

Williams Mullen: Proposed Rules Published on Dodd-Frank Requirements for Appraisals for Higher-Risk Mortgage Loans

BY: EDMUND D. HARLLEE On Wednesday, September 5, 2012, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, National Credit Union Administration, Bureau of Consumer Financial Protection (the "Bureau") and Federal Housing Finance Agency (collectively...

Ballard Spahr LLP: Temporary Exemptions Adopted for Mortgage Disclosures

By the Mortgage Banking Group As expected, on November 16, 2012, the Consumer Financial Protection Bureau adopted a temporary exemption for certain mortgage disclosure requirements added by the Dodd-Frank Act. This exemption will allow the disclosures to be implemented along with the proposal to integrate...