Get the information you need to prepare your credit union for the CFPB's new mortgage rules. Organized by category, below you'll find resources available through NAFCU such as links to summaries of the final rules, insightful blog posts, articles and webcasts, to help you get up-to-speed.
NEW: Consolidated Regulatory Text gives you all of the additions and amendments for all CFPB final mortgage rules by category.
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Consolidated Regulatory TextAll rule additions and amendments in one document, as the final rule will appear in January.
Scope & Applicability Chart: Ability-to-Repay Requirements and Qualified Mortgage Standards
Post Mortem Panel: Qualified Mortgages and Ability-to-RepayOn-Demand Webcast Available Until March 11, 2015
Qualified Mortgages/Ability-to-Repay blog posts
"NCUA Supervisory Focus for 2014 – Risk Management and New Regulations"
"Understanding the Qualified Mortgage Quagmire"
"Small Creditor Portfolio Exemption for QMs Explained"
NAFCU 2015 Regulatory Compliance School | March 30-April 3, 2015 | Crystal Gateway Marriott, Arlington, VA
This conference covers comprehensive credit union compliance training from A to Z, including TILA/RESPA, mortgage rules and the popular regulatory update day. Learn more and register.
NAFCU 2013 Regulatory Compliance Seminar Online | Presented Live October 22 – 25, 2013This conference covered the latest challenges and changes in credit union rules and regulations, including updates on the full scope of the CFPB's new mortgage requirements. (On-demand courses available for purchase).
Scope & Applicability Chart: Regulation Z (TILA) Mortgage Servicing Requirements
Scope & Applicability Chart: Regulation X (RESPA) Mortgage Servicing Requirements
Mortgage Servicing blog posts
"Understanding the Small Servicer Exemptions"
"Mortgage Servicing: Error Resolution and Information Request Procedures"
Scope & Applicability Chart: Loan Originator Compensation, Qualifications, Training and Disclosure Requirements
Loan Originator Compensation & Qualifications blog posts
"Mortgage Loan Originator Requirements for Qualification and Screening, Training and Disclosures"
Scope & Applicability Chart: Regulation B Appraisal Disclosure Requirements
Scope & Applicability Chart: Appraisal Disclosure Requirements for Higher-Priced Mortgage Loans
Scope & Applicability Chart: Appraisal Requirements for Higher-Priced Mortgage Loans
Appraisal Disclosures & Delivery blog posts
"New Appraisal Disclosure Requirements: Regulation B and Higher-Priced Mortgage Loans"
Scope & Applicability Chart: New Escrow Requirements for Higher-Priced Mortgage Loans
Escrow Requirements blog posts
"Escrow Requirements for Higher-Priced Mortgage Loans"
Scope & Applicability Chart: New Requirements for High-Cost Mortgages
Scope & Applicability Chart: New Homeownership Counseling Disclosure Requirement
HOEPA/High-Cost Mortgage Loans blog posts
"New Homeownership Counseling Disclosure Requirement"
VIDEO UPDATE (August 19, 2014)
Consolidated Regulatory TextAll rule additions and amendments in one document, as the final rule will appear in August 2015.
Scope & Applicability Chart: TILA/RESPA Disclosures
TILA/RESPA: Difficult Issues and Their SolutionOn-Demand Webcast Available Until October 1, 2015
The 7th Rule: Unintended Consequences of the New, "Simplified" Mortgage DisclosuresOn-Demand Webcast Available Until July 9, 2015
TILA/RESPA Series: Part 1 – An OverviewOn-Demand Webcast Available Until February 26, 2015
TILA/RESPA Integrated Mortgage Disclosures blog posts
"TILA/RESPA Integrated Disclosures—Post-Consummation Notices"
"Requirements for Providing Corrected Closing Disclosures Under the TILA/RESPA Integrated Mortgage Disclosures Rule"
"Loan Estimates - Revisions and Corrections Under TILA/RESPA Integrated Mortgage Disclosure Rule"
"Using Average Charges Over Actual Amount Received on the TILA/RESPA Closing Disclosure"
"Delving into the Closing Disclosure: Requirements, Timing, Delivery and More"
"A Deep Dive into the Loan Estimate Disclosure: Requirements, Timing and Tolerances"
"TILA/RESPA Integrated Mortgage Disclosure Rule: Overview"