Links in “Mortgage Lending”
- NCUA Issues Regulatory Alerts on New Mortgage Servicing Rules
NCUA releases two regulatory alerts providing an overview of new mortgage servicing rules under Reg. X (RESPA) and Reg. Z (TILA). [1/15]
- FTC Expands Attack on Phony Mortgage Relief Companies
South Florida-based company faces expanded efforts and permanent ban for alleged mortgage relief scam resulting in largest FTC judgment to date against a purported mortgage assistance relief provider. [1/15]
- Bill Would Extend Mortgage Debt Tax Exemption
Tax relief for the liability on the difference between the house's value and the amount of a foreclosure or short sale expired for homeowners on 12/31/2013. A new bill seeks to extend it. [1/15]
- 23,000 HAMP Modifications in November
U.S. Treasury reports 23,000 permanent loan modifications were completed under the Home Affordable Modification Program, bringing the total since the start of the program to 1.3 million. [1/14]
- Cordray Praises Credit Unions on âThe Daily Showâ
CFPB Direct Richard Cordray sang the praises of credit unions on Wednesdayâs âThe Daily Show with Jon Stewart.â Cordray cited credit unionsâ and community banksâ history of a common sense approach to mortgage lending as the model that the new mortgage regulations are designed to impose on the entire industry. [1/10]
- New Mortgage Rules: Webinar Offers “Reality Check” of Compliance Efforts
If your institution is like most, the mad scramble to get ready for the January 10, 2014 implementation date of the new mortgage rules won't magically end on that date. New NeighborBench webinar offers attendees the chance to step back and do a reality check on where your institution is relative to the requirements of the new rules and identify how to move forward with a good faith effort to implement those elements that remain. [1/10]
- CFPB Revised Key Mortgage Disclosures
CFPB revises HELOC Brochure, CHARM Booklet and Settlement Cost Booklet to meet upcoming changes in mortgage origination and servicing rules. FIs may use new booklets now or wait to exhaust old supplies, within reason. [1/10]
- NCUA on QM and Non-QM Loans
Supervisory letter states that emphasis in the field will be safety and soundness, not solely on the basis of whether a loan's status is Qualified Mortgage or not. [1/10]
- 11th Hour Resources for Addressing New Mortgage Rules
NAFCU's compliance blog today lists a number of resources available to help financial institutions scrambling to meet tomorrow's implementation date. [1/9]
- NCUA Issues Regulatory Alert on Homeownership Counseling and HOEPA Loans
NCUA has issued Regulatory Alert 14-RA-02 to provide information and guidance regarding the new homeownership counseling requirements for both open-end and closed-end mortgage loans and on changes to the scope of loans that are subject to the requirements for HOEPA loans. [1/8]
