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NCSHA Blogs

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).