Compliance Action, Volume 18, Number 13

The Mortgage Mess: Interim & Final Changes to Final Rules (3 Action Steps)

By Lucy Griffin

Since pushing out mortgage lending rules in January 2013, the CFPB has published proposals to change the final rule, revised final rules, and even interim final rules. But what hasn't changed is the implementation date.

QM and Fair Lending (4 Action Steps)

By Lucy Griffin

The fair lending impact of making only Qualified Mortgages (QMs) has raised some lenders' concerns.

Action Training
Sorting Out the Coverage of New Mortgage Rules (Chart)

By Lucy Griffin

The new rules for consumer mortgages are not just complicated in general, the fact that each rule has its own rules and conditions for coverage mixes it up even more.

Compliance Notes

• QM in Three Regulations
• Flood Penalties
• OCC on Third Party Vendors
• FDIC Guidance on High-Risk Merchant Customers
• Homeownership Counseling List

Compliance Calendar

In the Editor's Opinion
Final, Interim Final, Final Again?

By Lucy Griffin

These days when it comes to regulations, "final" doesn't necessarily mean doesn't mean that it won't change - and soon.

Compliance Q & A

• GFE and the 10-day Waiting Period
• Waiving Borrowers' Appraisal Fees
• Classifying Committee and Board Members as MLOs