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Ballard Spahr LLP: CFPB Proposes Integrated TILA-RESPA Forms and Related Rules

By Richard A. Andreano, Jr. , and Stanley D. Mabbitt Elizabeth Warren's dream of a one-page mortgage disclosure form is officially dead. On July 9, 2012, the CFPB released its long-awaited proposed rule consolidating the application and closing disclosures required by the Real Estate Settlement...

Ballard Spahr LLP: CFPB Moves to Broaden Scope of ‘High-Cost’ Mortgages

By Mercedes Kelley Tunstall The Consumer Financial Protection Bureau is moving to broaden the scope of mortgages that would be viewed as "high cost" and therefore subject to special disclosure requirements. In a notice of proposed rulemaking issued on July 9, 2012, the CFPB proposed amendments...

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...