Get the information you need to prepare your credit union for the CFPB's new mortgage rules. Organized by category, below you'll find resources available through NAFCU such as links to summaries of the final rules, insightful blog posts, articles and webcasts, to help you get up-to-speed.
NEW: Consolidated Regulatory Text gives you all of the additions and amendments for all CFPB final mortgage rules by category.
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Read NCUA Chairman Matz's response to NAFCU President and CEO Dan Berger's Letter Seeking Good Faith for TILA/RESPA Compliance (March 26, 2015).
VIDEO UPDATE (August 19, 2014)
Consolidated Regulatory TextAll rule additions and amendments in one document, as the final rule will appear in August 2015.
Scope & Applicability Chart: TILA/RESPA Disclosures
TILA/RESPA Integrated Disclosure "Bootcamp" Series15 online video training modules that walk you line-by-line through the TILA/RESPA regulatory requirements so you can confidently comply by the August 1, 2015 deadline.
TILA/RESPA: Difficult Issues and Their SolutionOn-Demand Webcast Available Until October 1, 2015
The 7th Rule: Unintended Consequences of the New, "Simplified" Mortgage DisclosuresOn-Demand Webcast Available Until July 9, 2015
TILA/RESPA Integrated Mortgage Disclosures blog posts
"TILA/RESPA Implementation: NAFCU's Resource Round-Up"
"TILA/RESPA Integrated Disclosures—Post-Consummation Notices"
"Requirements for Providing Corrected Closing Disclosures Under the TILA/RESPA Integrated Mortgage Disclosures Rule"
"Loan Estimates - Revisions and Corrections Under TILA/RESPA Integrated Mortgage Disclosure Rule"
"Using Average Charges Over Actual Amount Received on the TILA/RESPA Closing Disclosure"
"Delving into the Closing Disclosure: Requirements, Timing, Delivery and More"
"A Deep Dive into the Loan Estimate Disclosure: Requirements, Timing and Tolerances"
"TILA/RESPA Integrated Mortgage Disclosure Rule: Overview"
Consolidated Regulatory TextAll rule additions and amendments in one document, as the final rule appeared in January.
Scope & Applicability Chart: Regulation B Appraisal Disclosure Requirements
Scope & Applicability Chart: Appraisal Disclosure Requirements for Higher-Priced Mortgage Loans
Scope & Applicability Chart: Appraisal Requirements for Higher-Priced Mortgage Loans
Appraisal Disclosures & Delivery blog posts
"New Appraisal Disclosure Requirements: Regulation B and Higher-Priced Mortgage Loans"
Scope & Applicability Chart: Ability-to-Repay Requirements and Qualified Mortgage Standards
Qualified Mortgages/Ability-to-Repay blog posts
"NCUA Supervisory Focus for 2014 – Risk Management and New Regulations"
"Understanding the Qualified Mortgage Quagmire"
"Small Creditor Portfolio Exemption for QMs Explained"
NAFCU 2013 Regulatory Compliance Seminar Online | Presented Live October 22 – 25, 2013This conference covered the latest challenges and changes in credit union rules and regulations, including updates on the full scope of the CFPB's new mortgage requirements. (On-demand courses available for purchase).
Regulatory Alert - CFPB Amendments to Mortgage Servicing under TILA/RESPA
CFPB's Proposed Changes to Mortgage Servicing RulesOn-demand webcast available until April 28, 2016
Scope & Applicability Chart: Regulation Z (TILA) Mortgage Servicing Requirements
Scope & Applicability Chart: Regulation X (RESPA) Mortgage Servicing Requirements
Mortgage Servicing blog posts
"Understanding the Small Servicer Exemptions"
"Mortgage Servicing: Error Resolution and Information Request Procedures"
Scope & Applicability Chart: Loan Originator Compensation, Qualifications, Training and Disclosure Requirements
Loan Originator Compensation & Qualifications blog posts
"Mortgage Loan Originator Requirements for Qualification and Screening, Training and Disclosures"
Scope & Applicability Chart: New Requirements for High-Cost Mortgages
Scope & Applicability Chart: New Homeownership Counseling Disclosure Requirement
HOEPA/High-Cost Mortgage Loans blog posts
"New Homeownership Counseling Disclosure Requirement"
Scope & Applicability Chart: New Escrow Requirements for Higher-Priced Mortgage Loans
Escrow Requirements blog posts
"Escrow Requirements for Higher-Priced Mortgage Loans"