mortgage compliance

• Onsite Coverage: Mortgage Loan Originators Face New Standards, Training, Disclosures

  By Heather Anderson  |  March 21, 2013

  NATIONAL HARBOR, Md. – New CFPB rules will require credit unions to expand compliance efforts for mortgage work.

• FFIEC Appraisal Complaint Hotline Goes Live

  By Heather Anderson  |  March 15, 2013

  Toll-free phone or website access to consumers to make state or federal complaints about appraisals.

• CFPB Will Provide Rule Summaries, Guidance and Exam Checklists for CUs

  By Heather Anderson  |  February 13, 2013

  Effort addresses rules finalized last month on qualified mortgages, ability to repay.

• Cordray Addresses Remittances, Mortgage Rules at NCUA Webinar

  By Heather Anderson  |  February 13, 2013

  Both NCUA Chairman Debbie Matz and Consumer Financial Protection Bureau Director Richard Cordray revealed developments in ongoing regulatory issues during a Feb. 5 webinar in which both answered questions from their credit union audience.

• CFPB: No Larger Commissions for Mortgages Kept on the Books

  By Heather Anderson  |  January 23, 2013

  Because credit unions don’t typically pay for more profitable terms, the rule isn’t expected to have a major impact on the industry.

• CFPB Issues Final Mortgage Rules That Limit Originator Compensation

  By Heather Anderson  |  January 18, 2013

  Originators also can't be paid more for pushing higher interest rates, selling title insurance. Criminal background checks also required.

• Callahan Analyst: CFPB’s 5,000-Loan Threshold Would Exempt Most CUs

  By Heather Anderson  |  January 17, 2013

  The CFPB released a summary of its final mortgage servicing rules early Thursday.

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  Stabilize Compliance Costs, Increase Compliance Posture in New Era of Residential Lending

  By Dennis Ashcroft  |  October 25, 2012

  Modern residential lending requires much tighter focus on compliance and valuation standards than ever before.

• CFPB Sought CU Input When Mulling Proposed Mortgage Servicer Rules

  By Heather Anderson  |  August 14, 2012

  Agency posts on website Monday comment gathered in April.