Compliance: CFPB issues updated mortgage services rules

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Consumer Financial Protection Bureau’s (CFPB) mortgage servicing requirements will likely add to credit unions’ regulatory burden, CUNA believes, but what do they mean for credit unions from a compliance standpoint? CUNA compliance staff examined the new measures, which are designed to provide protections to borrowers facing foreclosure.The measures finalize proposed mortgage servicing amendments issued in November 2014. They clarify protections when the servicing of the loan is transferred and ensure that successors in interest who inherit or receive the property are afforded the same protections as the borrower, as well as providing loan information to borrowers in bankruptcy.Highlights from the new rule include:Allowing certain borrowers to receive loss mitigation protections more than once, giving borrowers the right to right to be evaluated under the CFPB’s requirements for options to avoid foreclosure more than once. Specifically, borrowers who have brought their loans current at any time since submitting a loss mitigation application will now be eligible for protection again; continue reading »last_img read more

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Mary Susan Smith

first_imgMary Susan Smith, 61, of Butlerville passed away at 12:08am, Thursday, January 31, 2019 at Morning Breeze in Greensburg. She was born in Hamilton, Ohio on January 7, 1958 the daughter of Charles and Bertie Witt Bunch. She was married to Joel Smith on March 7, 1987 and he survives. Other survivors include her father Charles Bunch of Seven Mile, Ohio; one son Joel (Aimee) Smith, Jr. of Greensburg; one daughter Amanda (Adam) Franklin of Holton; two grandchildren; one brother Charles Bunch of Seven Mile, Ohio; three sisters Donna Walls of Versailles, Patty Saunders of Seymour, and Sherri Cox of North Vernon. She was preceded in death by her mother and her brother Tommy Bunch. Mrs. Smith was a 1977 graduate of Ross (Ohio) High School. She was a homemaker and a long time employee of Defender Home Security in Batesville. She was also a former employee of Ohio Rod in Versailles. Mary Susan was a member of the Dillsboro Church of Christ. Funeral services will be held on Tuesday, February 5th at 11am at the Indiana Veterans Cemetery in Madison with Bro. Earl Thomas officiating. Visitation will begin at 10am. Memorials may be given to the donor’s choice in care of the Stratton-Karsteter Funeral Home in Versailles.last_img read more

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Other Sports Yogeshwar Dutt to donate Rs 5,25,000 to CRPF, give one-month salary every year to Bharat ke Veer

first_imghighlights New Delhi: The outpouring of grief following the Pulwama attack in which 40 CRPF jawans were killed has been immense. Bollywood and sports personalities have offered their condolences while Virender Sehwag, former India cricketer, has offered to sponsor the education for the children of the murdered CRPF jawans. India wrestler, Yogeshwar Dutt, has gone one step further and on his Twitter handle, he announced his unfledged monetary support to the CRPF in the time of crisis. On his Twitter handle, Yogeshwar announced, “Everyone is urging the government to take action following the Pulwama terror attack. Revenge is necessary but one must remember that at this time, it is important to stand with the families of the jawans. We should try and help the families as much as possible. Keeping this in mind, I announce that I will donate 5,25,00 to the CRPF and I will pledge to donate my one-month salary to Bharat ke Veer.”The Bharat Ke Veer website was launched last year by the ministry of home affairs on the suggestion of Bollywood actor Akshay Kumar and it allows citizens to transfer money directly to the bank accounts of martyred soldiers ‘families. The donation has now been granted income tax exemption under form 80 (g). Ever since the launch of the website, the actor and the Home Ministry had been working hard to make it tax free. The Pulwama terror attack resulted in death of 40 CRPF jawans.Pakistan cricketer’s potraits have been removed from Cricket Association buildings.Broadcast of Pakistan Super League games has been suspended. For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. The Pulwama terror attack has drawn sharp criticism from Indian sportsmen. Apart from cricket associations, players like Gautam Gambhir took an aggressive stance on Twitter while others like Virender Sehwag, Harbhajan Singh, Yuvraj Singh, Virat Kohli, Sachin Tendulkar and players from the national and domestic sides conveyed their condolences on Twitter. Even Broadcasters and digital websites have taken a stance. D Sports, who were the broadcasters of the Pakistan Super League (PSL) Twenty20 tournament, have decided to suspend the telecast.Portraits of Pakistan cricketers have been removed from Cricket Association buildings in Rajasthan and Punjab while Imran Khan, the former cricket captain and current Prime Minister of Pakistan’s photo has been covered in CCI. Indian Premier League (IPL) chairman Rajeev Shukla has said the actions are justified. “Whatever is happening, Imran Khan’s portrait being removed or MFN status revoked is people’s outrage and the reaction is justified. I’ve always said the sport is above politics but now it will hamper sporting ties too, not until Pakistan sponsored terrorism is stopped,” Shukla told Times Now.last_img read more

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