Topic: Escrow Accounts
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State lowers escrow interest rate to 0.17% for 2026
NEWS: The Wisconsin Department of Financial Institutions has announced that for 2026, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.17% (down from 0.20% in […]
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State increases escrow interest rate to 0.20% for 2025
NEWS: The Wisconsin Department of Financial Institutions has announced that for 2025, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.20% (up from 0.18% in […]
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CFPB adjusts 2024 HMDA, HPML escrow, and “small creditor” exemption amounts
NEWS: The Consumer Financial Protection Bureau (CFPB) has released its annual updates to some regulatory exemption amounts that affect credit unions making mortgage loans: The asset-size exemptions for collecting Home Mortgage Disclosure Act […]
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State increases escrow interest rate for 2024
NEWS: The Wisconsin Department of Financial Institutions has announced that for 2024, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.18% (up from 0.11% […]
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CFPB Adjusts 2023 HMDA, HPML Escrow, and “Small Creditor” Exemption Amounts
NEWS: The Consumer Financial Protection Bureau (CFPB) has released its annual updates to some regulatory exemption amounts that affect credit unions making mortgage loans: The asset-size exemptions for collecting Home Mortgage Disclosure Act (HMDA) […]
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CFPB updates 2023 dollar amounts for credit card minimal interest disclosures, HOEPA triggers and QM limits
NEWS: The Consumer Financial Protection Bureau (CFPB) has released its annual updates to three threshold dollar figures that are important for credit unions with credit card and mortgage loan programs. The […]
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State increases escrow interest rate for 2023
NEWS: The Wisconsin Department of Financial Institutions has announced that for 2023, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.11% (up from 0.09% in […]
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State lowers escrow interest rate for 2022
NEWS: The Wisconsin Department of Financial Institutions has announced that for 2022, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.09% (down from 0.11% in […]
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CFPB: TILA Higher-Priced Mortgage Loans (HPML) Escrow Rule – Small Entity Compliance Guide (January 6, 2014)
This guide has been updated for the following changes – the May 2013 Final Rule and October 2013 Final Rule and the 2012, 2013 and 2014 lists of rural and underserved counties as appropriate. […]
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CFPB: TILA Escrow Rule video transcript (5/14/2013)
CFPB video guidance to the 2013 Mortgage Servicing Rules. Mr. Paul Mondor, Managing Counsel in the Office of Regulations at the CFPB, talks through the Bureau’s new escrows rule adopted […]