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#1453511 - 10/08/10 04:21 PM LOANS SERVICING MODIFICATION INFORMATION
Complianceking Offline
Gold Star
Joined: Dec 2005
Posts: 437
West Coast
Is there any assistance or guidance regarding loan modification or proposed rules on servicing? With the current foreclosure crisis reaching a fever pitch, I would like to think that there are resources and reference materials avaialable. I've posted on 2 occasions asking for assistance and have not received any guidance. If anyone could share any information or direct me to appropriate source I would be eternally grateful.

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#1459581 - 10/26/10 04:59 PM Re: LOANS SERVICING MODIFICATION INFORMATION Complianceking
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,310
The FRB issued a proposed rule on 9/24/10 that includes possible changes to when TIL disclosures would be needed on certain types of modifications. They are looking to change the standard for "refinancing." http://edocket.access.gpo.gov/2010/pdf/2010-20667.pdf This is a 250 page document.
Search the document for the discussions relating to section 226.20 of Reg. Z.
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Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

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