Access the latest Washington Report: Read More

NCSHA Blogs

CFPB Releases Final Consolidated Mortgage Disclosure Rule

Earlier today, the Consumer Financial Protection Bureau (CFPB) released its final Integrated Mortgage Disclosure rule. This rule, which requires lenders to send borrowers new disclosure forms when they apply for a home mortgage and shortly before they close, will take effect on August 1, 2015.

Final SEC Municipal Advisor Rule Includes Broad Exemption for Public Officials and Board Members

On September 18, the U.S. Securities and Exchange Commission (SEC) unanimously approved a final rule establishing a registration system for municipal advisors.  The rule implements provisions in the Dodd-Frank Wall Street Reform Act that require the SEC and the Municipal Securities Rulemaking Board (MSRB) to regulate municipal advisors who advise state and local governments and other municipal

Final CFPB Rule Exempts HFAS from Ability-to-Pay Requirements/QM Requirements

Earlier today, the Consumer Financial Protection Bureau (CFPB) released a final concurrent rule that exempts all loans made pursuant to HFA programs from the requirements of the bureau’s Ability-to-Repay/Qualified Mortgage (QM) rule.

Violence Against Women Act Includes Housing Provisions

Yesterday, President Obama signed into law the reauthorization of the Violence Against Women Act. Title VI of the Act includes a number of housing related provisions and expands the Act's applicability to affordable housing programs to include the Housing Credit.

Final CFPB Mortgage Servicing Rule Includes Exemption for HFAs

On January 17, the Consumer Financial Protection Bureau released a final rule that sets new standards for how mortgage servicers handle borrower accounts and provide consumers information about their loans.

CFPB Final High-Cost Mortgage Rule Includes Limited Exemption for HFAs

On January 10, the Consumer Financial Protection Bureau released its final rule increasing protections for consumers who take out high-cost mortgages.

CFPB Releases Final Ability-to-Repay Guidelines

On January 10, the Consumer Financial Protection Bureau (CFPB) announced the release of its final Ability-to-Repay rule, which outlines the steps lenders will be required to take to obtain and verify information to determine whether a consumer can afford to repay a mortgage.

NCSHA Submits Comments on Proposed Qualified Mortgage, Ability-to-Pay Regulation

On July 22, NCSHA submitted comments to the Federal Reserve Board (the Fed) on its proposal to amend Regulation Z and establish an ability-to-pay standard for mortgages under the Truth in Lending Act (TILA).