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CFPB Publishes Spring 2021 Rulemaking Agenda | Weiner Brodsky Kider PC


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The CFPB recently published its latest semiannual agenda of planned rulemaking activities as part of the Executive Branch’s Spring 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions.  The agenda lists the regulatory actions that the Bureau reasonably anticipates that it will consider during the period from May 1, 2021, to April 30, 2022.  This is the first rulemaking agenda published by the Bureau during the Biden Administration.
The new agenda lists two items as in the “final rule stage”:
Debt collection.  Due in part to the “societal disruption” caused by the COVID-19 pandemic, in April 2021, the CFPB issued a notice of proposed rulemaking (NPRM) that would extend by 60 days the effective date of Part I and Part II of its final debt collection rule.  Both Parts of the debt collection rule are scheduled to take effect on November 30, 2021.  ....

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Phoenix broker finds Zillow is overvaluing homes, here's how to determine actual listing price


If you’re looking to buy or sell a home in the Valley, do your homework.
Author: Trisha Hendricks
Updated: 10:44 AM MST February 21, 2021
PHOENIX The hot real estate market in Phoenix has many homeowners thinking about selling, especially since the home value growth is up more than 15% since December of 2019. 
But Phoenix real estate agents are finding sites like Zillow, which use an Automated Valuation Model to determine a home’s value, are overestimating what a house is actually worth.
How can you know a home value estimate is too good to be true? 
The median error rate of the Zestimate for on-market homes in Phoenix is 1.3%, Zillow spokesperson said in an email to 12 News. The company also clarified that Zestimates are supposed to act as the beginning of the home buyer s ezperience. ....

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Sales, MLO Jobs; Home Ownership, Non-QM, PPE, Sales Tools; Conventional Conforming Updates


Sales, MLO Jobs; Home Ownership, Non-QM, PPE, Sales Tools; Conventional Conforming Updates
Jan 12 2021, 8:30AM
Nearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk of companies likeFinance of America, loanDepot, SoFi, and Homepoint going public, and if Caliber and AmeriHome will after delaying things in October. Many experts are predicting another strong housing market in 2021. “Strong” can mean either lots of volume, or price appreciation. Or both. “They” are forecasting increased demand from buyers who delayed purchasing homes due to the pandemic, from existing homeowners who need larger spaces to accommodate parents working from home, children attending school virtually, and from condo owners who are seeking to escape multifamily buildings for single-family houses to mitigate exposure to the virus. The ability to tour homes and cl ....

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CFPB publishes Fall 2020 rulemaking agenda | Ballard Spahr LLP


The CFPB has published its
Fall 2020 rulemaking agenda as part of the Fall 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions.  It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership.  The agenda’s preamble indicates that the information in the agenda is current as of September 11, 2020 and identifies the regulatory matters that the Bureau “reasonably anticipates having under consideration during the period from November 2020 to November 2021.”
The Bureau issued its
issued a supplemental proposal that would require debt collectors to make specified disclosures when collecting time-barred debts.  The Bureau indicates in the preamble that it plans to finalize its supplemental proposal regarding disclosures for time-barred date this month. ....

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