New Mortgage Requirements for 2012 and 2013 due to Dodd-Frank and the CFPB

Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Tuesday, July 17th, 2012
11:00 am - 1:00 pm CT

It seems like mortgage lending is all we think about these days - many changes to make both now and in the near future. But what is really coming down the road and when? That's what we need to know in order to prioritize and implement all the changes. That's what we’re going to talk about in this webinar; not the legalese of the statute, but what the CFPB and other agencies are saying about what their plans are for new regulation.

We will answer the basic operational questions: what will we have to do, when will we have to do it, and what will it look like? A flood of information is already coming from the Bureau, and they're under some pretty aggressive timelines. They may not meet all of them, but it won't be from lack of trying.

Covered Topics:

Changes to Reg. Z and RESPA coming this summer - new disclosures accompanying rules, including possible big changes to application definitions, APR calculations, and record retention
Will we finally have resolution to what a "Qualified Mortgage" is? Will it be a legal safe harbor or a rebuttable presumption (and why does this matter)?
How about "Qualified Residential Mortgage" rules? Note this is different from a Qualified Mortgage
Developments in loan originator compensation
New escrow rules
Clarity coming on ability-to-repay rules
When will the new HMDA data elements need to be collected and submitted?
What the Countrywide fair lending settlement means to all banks
Foreclosure activity: the $26 billion settlement, what that also means to all banks, and the CFPB's 2-stage approach to regulation of servicing
Speaking of foreclosures, what are you doing with your REO?
Changes to appraisal rules and disclosures
Treatment of servicemembers
The CFPB's Exam Procedures - what do they tell us?
How does UDAAP play into all this?

We'll talk about all these and more, plus leave some time for Q&A. Listen in to keep up to date with what is new and exciting in the world of mortgage so you won't miss anything.

Who Should Attend?

Compliance Officers, Bank Counsel, Credit Officers, Loan Officers, Loss Mitigation and Asset Management Personnel, Collectors, Underwriters, Senior Management, and anyone else at your financial institution who has a hand in your residential mortgage operations.

"I have attended several [of] Carl Pry's webinars over the past several years and through different Banks where I have been employed. His material is always timely, detailed and presented in a very professional and useful manner." -Letitia B., The Bancorp Bank

Sign Up!

6-Month OnDemand Weblink - $ 255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
CD-ROM and Hardcopy Handouts - $ 295: CD-ROM plus Hardcopy Handouts. Does not include live session.