
Jason E. Goldstein
Shareholder
Buchalter
California, U.S.A.
WSG Leadership
WSG Coronavirus Task Force GroupComing in 2021: CFPB Finalizes Changes to “Qualified Mortgage” Definition and Creates a New “Seasoned QM” Loan Category
Buchalter, December 2020
Changes are coming in 2021 to the eligibility requirements for “Qualified Mortgage” or “QM” loans. The Ability-to-Repay/Qualified Mortgage Rule administered by CFPB (“ATR/QM Rule”) requires a creditor to make a reasonable, good faith determination of a consumer’s ability to repay a residential mortgage loan according to its terms...
CFPB Withdraws Former Marketing Services Agreement Guidance; Issues New Frequently Asked Questions Regarding RESPA Section 8 and MSAs
Buchalter, October 2020
On October 7, the Consumer Financial Protection Bureau (CFPB) took steps to clarify its interpretation of how settlement service providers may comply with the “no kickback” and “unearned fee” provisions of Section 8 of the Real Estate Settlement Procedures Act (RESPA) by promulgating a new set of Frequently Asked Questions (FAQs). The FAQs provided several concrete examples to shed light on what activities are allowed under those provisions...
Additional Articles
- Coming in 2021: CFPB Finalizes Changes to “Qualified Mortgage” Definition and Creates a New “Seasoned QM” Loan Category
- Buchalter COVID-19 Client Alert: CFPB Issues Rule Extending the “GSE Patch”
- Buchalter COVID-19 Client Alert: HUD, FHFA, VA Announce Extensions of Foreclosure and Eviction Moratoriums to December 31, 2020
- Buchalter COVID-19 Client Alert: FHFA to Extend GSE Covid-Related Origination Processing Flexibility Until August 31
- Buchalter COVID-19 Client Alert: CFPB Issues Proposed Rule, FAQs and Revised CHARM Booklet for Transition from LIBOR
- Buchalter COVID-19 Client Alert: ARCC Discusses Expected Time Periods for Discontinuance of LIBOR in Mortgage Originations
- Buchalter Client Alert COVID-19: New HMDA Final Rule Raises Loan Origination Reporting Threshold; Particular Significance for Certain Multifamily Lenders
- CFPB Further Defines Abusiveness Standard; Expresses Intent to Limit Duplicative Enforcement
- OCC and FDIC Propose New Community Reinvestment Act Rules
- A Patent For A Formula Does Not Destroy Trade Secret Status So Long As The Patent Does Not Disclose The “Process” For Applying The Trade Secret
- FDIC Issues Proposed Rule Clarifying “Valid-When-Made” Doctrine for State Banks, to Match OCC Proposed Rule for National Banks
- Should You Include a Limitation of Liability Provision in Your Next Contract?
- Freddie Mac and Fannie Adopt New ARRC Recommended Fallback LIBOR Language for Residential ARM Loans
- HUD and DOJ Release Guidance on False Claims Act
- Probe the Borrower’s Reason for Seeking a Loan
- Bankers Trust Company v. Transamerica Title Insurance and Its Progeny: A Construction Lender’s Nightmare
- The Jesinoski Opinion Vs. The Statute Of Limitations
- Truth-In-Lending Act Rescission Part I: Why The U.S. Supreme Court’s Jesinoski Opinion Does Not Defeat The Statute of Limitations
- Current Developments In Risk Management For Mortgage Brokers
- Stop Notices and Mechanic’s Liens: Construction Lenders’ Nightmares
- The California Homeowners’ Bill of Rights: The Safe Harbor Provisions
- The Limits to Title Insurance Protection and the Advantages of Escrow Instructions
- Title Insurance: 5 Things Every CMBA Member Should Know
- Additional Insured Status: Is the Protection Illusion or Reality?
- Lender Beware: When Real Property Title Issues Arise, Don’t Forget Your Escrow Claim
- The Products Completed Operations Hazard: What It Is, and Why Everyone Involved in Construction or Real Estate Development Needs To Know About It, Air Quality Impacts Could Thwart Bay Area Infill Development
- Title Insurance Coverage and Escrow Claims
- Don’t Be Left Naked When it Comes to Insurance Coverage
- Products Completed Operations Hazard
- The Laundry Route Cases and How Not to Get Taken to the Cleaners
- Defending Wholesale Lenders: Pitfalls and Potential Safety Nets
© Buchalter, 2021