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Each of the new rules from the Consumer Financial Protection Bureau carries with it a lot of upheaval for the mortgage industry—and an even greater risk that some important detail will be missed, leaving companies and individuals on the wrong end of government enforcement actions.
Inside Mortgage Finance gathered expert panels to tear into the new rules, pinpoint how they’ll change your business, and suggest what you need to do to stay within the law.
Now you can hear their insight and advice about the ability-to-repay/qualified mortgage, servicing and loan originator compensation rules on MP3 and save when you buy the set of three conference recordings together.
Originations in a QM World:
Understanding the Boundaries of the Qualified Mortgage Rule
The ability-to-repay rule with its qualified mortgage standard is perhaps the most far-reaching mortgage regulation ever, affecting all mortgage lenders, and its impact is likely to be felt for years to come.
Our panel of mortgage regulation experts dissect the QM rule, discuss implementation challenges and help you plan your compliance and future product mix:
- Raghu Kakumanu, Senior Vice President, Financial Regulations & Reform, Wells Fargo
- Donald C. Lampe, Leader, Financial Services, Regulatory & Compliance Practice, Dykema
- Jeffrey P. Naimon, Partner, BuckleySandler
Resetting the Mortgage Servicing Bar: The CFPB’s New Rule
The new servicing rule is less like the national servicing settlement or the CFPB’s proposed rule than expected. Servicers find themselves back at square one, needing to revise procedures, personnel training and document management in order to meet the new federal standards.
Our panel of mortgage regulation experts scrutinize the servicing rule and help you understand how best to handle your operational changes:
- Laurence Platt, Financial Services Practice Area Leader, K&L Gates
- Matthew Strange, VP, Mortgage Compliance Manager, Fifth Third Bank
- Michael Waldron, Practice Area Leader, Mortgage Banking Group, Ballard Spahr
LO Compensation: The New Rules
Broad definitions for originator and compensation extend the impact of this rule to everyone from tellers to managers.
This panel will show you where the pitfalls are and how your procedures need to change to stay on the correct side:
- Richard J. Andreano, Mortgage Banking Group Practice Leader, Ballard Spahr
- Donald C. Lampe, Leader, Financial Services, Regulatory & Compliance Practice, Dykema
- Amy Thoreson Long, Senior Counsel, Consumer Lending Division, Wells Fargo Law Department
Save 30 percent when you buy all three together.