In This Presentation:

- Events That Changed Our World; And Yours Too!

- Current Issues in Licensing

- State Coordination With CFPB

- The Path to Coordination

- Responsibilities of the SCC

- Supervision Coordination

- Elements of Coordination

- 2014 Coordinated Exam Schedule

- Multi-State Mortgage Committee

- 2015 Proposed Schedule

- Mortgage Loan Servicing

- Mortgage Due Diligence

- Loss Mitigation Underwriting and QA/QC

- Compliance Reviews

- SAFE (Secure and Fair Enforcement for Mortgage Licensing) Act

- SAFE Act

- State Licensed MLO Under the SAFE Act

- Dodd Frank Act

- CFPB Regulations G and H (76 F.R. 78483, 12/18/11)

- Loan Originator Compensation Requirements under the Truth in Lending Act (12 C.F.R. 1026)

- Hypothetical

- What Happened

- What Happened Led To:

- Change in Market Share between Banks and Non-Depository Servicers

- FSOC Perspective

- The “Capital” Question

- Failure…………is not an option

- Failure… when there are no options

- What Will Make Traditional Resolution, or a Simple Buyout, More Difficult

- Questions & Answers

- Excerpt from Events That Changed Our World; And Yours Too!:

•2008 – Congress passes SAFE Act

-That same year – NMLS was launched

•2010 – Dodd-Frank passes

-That same year – Consumer Access launched

•2011 – CFPB becomes an agency

-That same year, states enter Information Sharing MOU with CFPB