mortgage regulations

• 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.

• Mortgage Servicing Rules Will Include 5,000-Loan Exemption

  By Heather Anderson  |  January 17, 2013

  CFPB to release final rules but provided advance look of its mortgage servicing regulations.

• Interagency Rule Increases Appraisal Requirements for Higher-Risk Mortgages

  By Heather Anderson  |  January 16, 2013

  NCUA-approved rule gets interagency go-ahead this week.

• CFPB’s Cordray Will Join Feb. 5 NCUA Town Hall Webinar

  By Heather Anderson  |  January 8, 2013

  Recently finalized rules and regs on mortgages expected to be among topics.

• NAFCU Urges CFPB to Leave Plenty of Time for Mortgage Rules

  By David Morrison  |  December 20, 2012

  Trade group says five new rules at once will pose "unprecedented challenge to digest, understand and implement."

• Neighborhood Mortgage Taps Wischmeyer for CEO

  September 2, 2012

  Neighborhood Mortgage Solutions LLC announced the appoint of Greg Wischmeyer as CEO. Wischmeyer comes to NMS with over 30 years of experience in the lending market. He will lead a team of mortgage professionals from the CUSO’s home office located in Frankenmuth, Mich.