Richard J. Andreano, Jr.


The Consumer Financial Protection Bureau, as part of a Dodd-Frank Act mandate, has just unveiled a new rulemaking initiative that beginning next year would dramatically limit the size and types of upfront points and fees mortgage originators could charge. Origination charges based on loan size would be banned and "bona fide" discount points could only be used when borrowers want to lower their interest rates. The qualifications of all loan originators would also be regulated under the new plans, whether they work for a bank, mortgage brokerage, or nonprofit organization.

At this webinar, Mr. Andreano and other industry profesionals will discuss the latest regulatory proposals for restricting mortgage origination compensation.

Click here for more information and to register.

Related Practices

Consumer Financial Services
Mortgage Banking