Written by Steve Van Beek
With the various mortgage proposals from the CFPB, I thought a good Friday blog post would be one that linked to the various proposals in the Federal Register so that credit unions had the proposed rules in one place.
Initially, here is a link to the CFPB's section of the Federal Register. Below are links to the CFPB's mortgage proposals.
- High-Cost Mortgages and Housing Counseling Amendments Note: The comment period for the finance charge portion has been extended until November 6th.
- Equal Credit Opportunity Act (Regulation B) - Appraisals
- Integrated Mortgage Disclosures under TILA/RESPA Note: The comment period for the finance charge portion was also extended until November 6th.
- Appraisals for Higher-Priced Mortgage Loans
- Loan Originator Compensation (Regulation Z)
Update (10/01): The Mortgage Servicing proposals can be found here (Reg Z) and here (Reg X). It doesn't appear that the Mortgage Servicing proposed rules have been published in the Federal Register yet (the comment period ends October 7th for those proposals). Those proposals can be found here: Reg Z and Reg X. Our August 23rd blog post also has a recap of our mortgage servicing blog posts to date.
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NAFCU Seminar. We'll be discussing both of the Mortgage Servicing proposals as well as the TILA/RESPA Integrated Mortgage Disclosures in breakout sessions in Seattle (October 23-26th). We'll also be discussing the other proposals in our CFPB Update sessions.
On-Demand Webcast. If you missed the 3-hour marathon webcast on Wednesday, you can still purchase the on-demand version in order to get a detailed update of the CFPB's proposals on mortgage servicing and high-cost mortgages (including the impact on HELOCs). I also provided an overview of the proposed Integrated Disclosures.
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Football Season. I'll admit we've been a little slow on the football talk lately. With that being said: Go Blue!
Have a great weekend!
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