Compliance

It would be a rare win-win if the new bureau could streamline the mortgage process for lenders in a way borrowers could understand. READ MORE

Proper preparation can be the 'transactional lubrication' your CU needs to reduce the regulatory friction of an exam. READ MORE

Are individuals engaged in mortgage loan modifications required to register on the Nationwide Mortgage Licensing System & Registry? READ MORE

FMS amended its reclamation rules, effective Oct. 19, 2011. READ MORE

Comments are due by Dec. 19, 2011. READ MORE

Guide will help mortgage loan originators through the SAFE Act annual renewal process. READ MORE

Any new requirements that may emerge over the horizon will only add to the load CUs already must shoulder. READ MORE

Penalties for violating ECOA can be quite severe. Just ask a small bank in Texas. READ MORE

As this year winds down and we consider all the regulatory changes that have occurred, it’s important to reflect on one issue that might not always have been front and center: your credit union’s policies and procedures.  READ MORE

In July, the Federal Trade Commission issued a final rule relating to unfair or deceptive acts and practices in mortgage loan advertisements. READ MORE

NCUA’s Office of Small Credit Union Initiatives (OSCUI) is offering yet another free webinar.  This webinar will discuss how collaboration can help Credit Unions compete and offer greater value to their members.   NCUA’s OSCUI typically fosters development for small, new and low income designation credit unions; however, this webinar is open to credit unions of [...]

Given the volume and complexity of the CFPB’s new mortgage rules related to Reg Z and Reg X, we haven’t focused much on the new Reg B appraisal rule. However, we are seeing some confusion with the timing requirements, so here is some information that hopefully clarifies the timing. The rule generally provides that a [...]

In January you were shocked at the sheer volume of mortgage rules.  From February through May you attended trainings, read summaries, or read the actual rules and began to understand them.  Now that you understand them, you know how difficult and time-consuming implementation of the new rules will be; and, now that summer is in full [...]