Higher-Priced Mortgage Loans

CFPB issues more small entity compliance guides for mortgage-related rules

by Barbara S. Mishkin | Ballard Spahr LLP on 5/7/2013

The CFPB has issued several more Small Entity Compliance Guides on its mortgage-related rules. In addition to its guide on the ability-to-repay and qualified mortgage rule, the CFPB has now issued Small Entity Compliance...more

CFPB proposes amendments to final mortgage escrow account rule

by Richard J. Andreano, Jr. | Ballard Spahr LLP on 4/16/2013

The CFPB has proposed amendments to its final mortgage escrow account rule dealing with the establishment of mandatory escrow accounts on higher-priced mortgage loans (HPML). According to the proposal’s supplementary...more

CFPB Begins To Fix Recently Adopted Rules

by Ethan Mark | Leonard, Street and Deinard - Dodd-Frank and... on 4/15/2013

The CFPB has issued a proposed rule clarifying and making technical amendments to the 2013 Escrows Final Rule issued by the Bureau in January 2013. This is the first of the CFPB’s planned issuances to clarify and provide...more

More Paper? CFPB Revamps Disclosure and Delivery Requirements for Valuations under ECOA

by Nanci Weissgold, Kathryn Williams | K&L Gates LLP on 4/4/2013

Come January 2014, creditors will be required to equip borrowers with more information on how the value of the borrower’s home is determined, even if the creditor doesn’t use that information in making its lending decision....more

The Impact Of The CFPB’s Appraisal Rule

by Andrew R. Mavraganis, Timothy R. McTaggart | Pepper Hamilton LLP on 2/28/2013

On January 18, 2013, the Consumer Financial Protection Bureau (CFPB) issued a final rule (the Appraisal Rule) implementing an amendment to the Equal Credit Opportunity Act (ECOA) that revises Regulation B’s provisions...more

Agencies Issue Final Rule On Appraisals For Higher-priced Mortgage Loans

by Schecter Law on 2/22/2013

A final rule establishing new appraisal requirements for higher priced mortgage loans was issued by federal financial regulatory agencies. The rule implements amendments to the Truth in Lending Act....more

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

by Jeremiah Buckley, Joseph Kolar, John Kromer, Jeffrey Naimon, Joseph Reilly, Clinton Rockwell | BuckleySandler LLP on 2/15/2013

On January 10, 2013, the Consumer Financial Protection Bureau issued its final rule on escrow account requirements for first-lien higher-priced mortgage loans. The rule amends existing escrow requirements and exemptions for...more

2013: The Year Ahead for Mortgage Lending

by Suzanne Fay Garwood | Venable LLP on 2/14/2013

In this presentation: - “Never a Dull Moment” - ATR/QM Final Rule - HOEPA Final Rule - Loan Officer Final Rule - Escrow Final Rule - ECOA Appraisal Disclosure Rule - Appraisals for Higher...more

Special Alert: Analysis Of Final ECOA And HPML Appraisal Rules

by BuckleySandler LLP on 2/4/2013

On January 18, the federal banking agencies issued a final rule amending Regulation Z to implement certain requirements from the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that require...more

Special Alert: Analysis Of Final ECOA And HPML Appraisal Rules

by BuckleySandler LLP on 2/4/2013

On January 18, the federal banking agencies issued a final rule amending Regulation Z to implement certain requirements from the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that require...more

Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 2/1/2013

On January 18, six federal financial regulatory agencies (the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance...more

Financial Services Bulletin: CFPB Issue New Final Rules

by Perkins Coie on 1/31/2013

On Thursday, January 10, 2013, the Consumer Financial Protection Bureau (the "CFPB") issued a final rule that amends Regulation Z to implement certain amendments to the Truth in Lending Act ("TILA") made by Sections 1461 and...more

Special Alert: Banking Agencies Adopt Final Rule Requiring Appraisals For Higher-Priced Mortgage Loans

by Joseph Kolar, John Kromer, Jeffrey Naimon | BuckleySandler LLP on 1/31/2013

On January 18, the Federal Reserve Board, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation, Federal Housing Finance Agency, National Credit Union Administration, and Office of the Comptroller...more

Real World - January 2013

by Scott Curtis, Daniel Hawthorne, Justin True | Dechert LLP on 1/29/2013

Welcome to the Winter edition of Real World from Dechert’s London Finance and Real Estate Group, keeping you up to date with recent developments in real estate law and practice. In this issue: - An A-Z for 2013 – A...more

FDIC Approves Joint-Agency Appraisal Rule For Higher-Risk Mortgages

by BuckleySandler LLP on 1/28/2013

On January 18, the Federal Reserve Board, the OCC, the FDIC, the NCUA, the FHFA, and the CFPB issued a final rule to implement Dodd-Frank Act amendments to TILA that require creditors to meet certain appraisal conditions...more

Financial Services Bulletin: Agencies Issue New Mortgage Rules

by Perkins Coie on 1/28/2013

On Friday, January 18, 2013, the Board of Governors of the Federal Reserve System (the “Fed”), the Consumer Financial Protection Bureau (the "CFPB"), the Federal Deposit Insurance Corporation (the “FDIC”), the Federal Housing...more

CFPB issues final rules on incentives and mandatory arbitration

by Joey Tsu-Yi Chen, Donald Rea | Saul Ewing LLP on 1/28/2013

The CFPB issued final rules reducing the financial incentives for loan officers and brokers in "risky and high-cost" consumer loans and toughening qualification standards for loan originators....more

Dodd-Frank News: January 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

by Rachel Cash, David Elliott, Kristin Peters, Jordan Teague | Burr & Forman on 1/25/2013

In This Issue: - RECENT CASES . Dodd-Frank Challenges Under the Administrative Procedure Act and Commodity Exchange Act . Preemption . Whistleblower Protection Under the Dodd-Frank Act . Arbitration...more

InfoBytes Special Alert: Detailed Analysis Of CFPB's High-Cost Mortgage Rule - January 25, 2013

by Joseph Kolar, John Kromer, Jeffrey Naimon, Joseph Reilly, Clinton Rockwell | BuckleySandler LLP on 1/25/2013

On January 10, 2013, the Consumer Financial Protection Bureau (the “Bureau”) issued a final rule (the “Rule”) that amends Regulation Z (Truth in Lending) to implement changes to the Home Ownership and Equity Protection Act...more

Orrick's Financial Industry Week in Review - January 22, 1013

by Orrick, Herrington & Sutcliffe LLP on 1/25/2013

In This Issue: *Financial Industry Developments - CFPB Final Rule on Mortgage Servicing Standards - Joint Rule on Appraisals for Higher-Priced Mortgage Loans - CFPB Final Rule on Written Appraisals - SEC...more

Infobytes Special Alert: Detailed Analysis Of CFPB's Final Ability-To-Repay/Qualified Mortgage Rule

by Joseph Kolar, John Kromer, Jeffrey Naimon, Joseph Reilly, Clinton Rockwell | BuckleySandler LLP on 1/24/2013

After considering a proposed rule and comments for more than a year and a half, the Consumer Financial Protection Bureau (the “Bureau”) has issued its highly anticipated final “Ability-to-Repay” rule (the “Rule”) governing...more

CFPB issues final rules on mortgage servicing, appraisals and loan originator compensation

by Richard J. Andreano, Jr. | Ballard Spahr LLP on 1/23/2013

The regulatory barrage continued last week with the CFPB issuing the last batch of mortgage-related rules it was required to finalize by the Dodd-Frank Act’s January 21 deadline....more

Joint Rule on Appraisals for Higher-Priced Mortgage Loans

by Orrick - Structured Finance Group on 1/22/2013

On January 18, the Fed, CFPB, FDIC, FHFA, NCUA and OCC issued a joint final rule, effective January 18, 2014, which establishes new appraisal requirements for “higher-priced mortgage loans”....more

CFPB Issues Final Ability To Repay/Qualified Mortgage Rule And High-Cost Mortgage Rules

by BuckleySandler LLP on 1/21/2013

On January 10, the CFPB issued the final version of a rule that will require creditors to verify a consumer’s ability to repay prior to making a consumer credit transaction secured by a dwelling. The rule defines a “qualified...more

CFPB Adopts Rules To Prevent Loan Originators From Steering Consumers Into Risky Mortgages

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 1/21/2013

The CFPB has issued rules to prevent mortgage lenders from steering borrowers into risky and high-cost loans. According to the CFPB, the rules ban certain incentives that loan originators had to sell unsafe loans to consumers...more

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CFPB issues more small entity compliance guides for mortgage-related rules

CFPB proposes amendments to final mortgage escrow account rule

CFPB Begins To Fix Recently Adopted Rules

More Paper? CFPB Revamps Disclosure and Delivery Requirements for Valuations under ECOA

The Impact Of The CFPB’s Appraisal Rule

Agencies Issue Final Rule On Appraisals For Higher-priced Mortgage Loans

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

2013: The Year Ahead for Mortgage Lending

Special Alert: Analysis Of Final ECOA And HPML Appraisal Rules

Special Alert: Analysis Of Final ECOA And HPML Appraisal Rules

Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans

Financial Services Bulletin: CFPB Issue New Final Rules

Special Alert: Banking Agencies Adopt Final Rule Requiring Appraisals For Higher-Priced Mortgage Loans

Real World - January 2013

FDIC Approves Joint-Agency Appraisal Rule For Higher-Risk Mortgages

Financial Services Bulletin: Agencies Issue New Mortgage Rules

CFPB issues final rules on incentives and mandatory arbitration

Dodd-Frank News: January 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

InfoBytes Special Alert: Detailed Analysis Of CFPB's High-Cost Mortgage Rule - January 25, 2013

Orrick's Financial Industry Week in Review - January 22, 1013

Infobytes Special Alert: Detailed Analysis Of CFPB's Final Ability-To-Repay/Qualified Mortgage Rule

CFPB issues final rules on mortgage servicing, appraisals and loan originator compensation

Joint Rule on Appraisals for Higher-Priced Mortgage Loans

CFPB Issues Final Ability To Repay/Qualified Mortgage Rule And High-Cost Mortgage Rules

CFPB Adopts Rules To Prevent Loan Originators From Steering Consumers Into Risky Mortgages

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