Among the myriad mortgage-related rules issued recently by the Consumer Financial Protection Bureau are the ability-to-repay/qualified mortgage rules, the servicing rules, and the revisions to the loan originator compensation rules. To help guide the industry through the maze of new requirements, our webinar presenters will address the following 10 important aspects of the rules:
1. The two-pronged approach to the qualified mortgage concept
2. Mortgage products that companies may cease offering because of the ability-to-repay/QM rule
3. Proposed changes regarding the inclusion of loan originator compensation in points and fees for purposes of the qualified mortgage requirements
4. How modifications to rate/payment change notice requirements will affect loan products
5. The expanded obligations of servicers to address consumer complaints and information requests
6. Practical implications for servicers, including staffing requirements
7. Implications for the foreclosure process
8. Requirements for when the creditor pays loan originator compensation
9. Determining what is a proxy for loan terms that may not be used as a basis for loan originator compensation
10. The relationship of profits and loan originator compensation
12:00 PM - 1:00 PM ET | Webinar
Richard J. Andreano, Jr., Practice Leader, Mortgage Banking Group
John D. Socknat, Practice Leader, Mortgage Banking Group
There is no cost to attend. This program is not eligible for continuing education credits.
Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at firstname.lastname@example.org.