RealEstateRama Authors Posts by CUNA
CUNA discovers discrepancy in CFPB’s TRID rule, seeks answers
The Credit Union National Association (CUNA) asked the Consumer Financial Protection Bureau (CFPB) to clarify a discrepancy and to exempt credit unions that make five or fewer mortgages in a calendar year from the Know Before You Owe rule, which includes the Truth-in-Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures (TRID) in a letter today
CUNA advises balance in House mortgage bill
WASHINGTON, November 7, 2007 -- The Credit Union National Association (CUNA) Tuesday said it supports legislation intended to eliminate predatory mortgage lending practices, but advised that some provisions are "more appropriately tailored" for the mortgage brokerage industry than for depository institutions.