Effective Date of Escrow Cancellation Notice Requirements
08/20/2017
Are Escrow Cancellation Disclosures required for loans for which an application was received before October 3, 2015??
Kelly M. Owsley, CRCM is Director of Training Services for Compliance Resource, LLC. Kelly's career in banking began in 2000. Since then she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in numerous areas of the financial services industry including retail branch management, lending, product development and training. In addition, Kelly spent three years in a training and development role with CUNA Mutual Group servicing the largest credit union in the United States. Most recently, she served as the Vice President of Compliance, BSA Officer, and CRA Officer for a community bank in Kentucky where she was responsible for implementing and training all compliance related topics. Kelly holds a Bachelor of Science degree in Accounting from the University of Kentucky and is a Certified Regulatory Compliance Manager.
08/20/2017
Are Escrow Cancellation Disclosures required for loans for which an application was received before October 3, 2015??
08/20/2017
Which options are available under the Ability-to-Repay rules that allow for balloon payments?
08/13/2017
Has guidance on construction loan financing been expanded?
08/13/2017
We recently had a loan customer seeking to refinance that was retired and on a fixed income. We could not prove ability-to-repay under any of the qualified mortgage options so we utilized the Eight Factors option under 1026.43(c)(2) but still struggled to prove ability-to-repay. Is there anything we can do when a customer has limited income?
08/06/2017
If I want to make a qualified mortgage under the Small Creditor Portfolio option, which elements of the Higher-Priced Mortgage Loans (HPML) rules in 1026.35(b)(2)(iii) do I need to be able to satisfy?
08/06/2017
Has use of the Optional Alternative Cash to Close calculation been expanded?
07/30/2017
When are the new TRID amendments effective?
07/30/2017
Our financial institution had to stop balloon payment lending prior to April 1, 2016 due to the expiration of the Temporary Balloon Payment QM option under 1026.43(e)(6)(i), are there any other options available for us to make balloon payment QM’s?
07/23/2017
Why should I be concerned whether or not my qualified mortgage is considered a Higher-Priced Covered Transaction (HPCT)?
06/04/2017
Where can I find all provisions required by the Fair Credit Reporting Act?