Alert January 07, 2014

CFPB To Hold Field Hearing on New Mortgage Rules

The CFPB will hold a field hearing on the new mortgage rules in Phoenix, Arizona on January 10, 2014. The field hearing coincides with the effective date of the ability-to-repay and qualified mortgage rule, the mortgage servicing rules, certain provisions of the rules governing loan originator compensation, and the provisions HOEPA (see January 10, 2013 Alert).