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Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the most far-reaching provisions of the bill, creating...

Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the most far-reaching provisions of the bill, creating...

Jaworski on the Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Robert M. Jaworski examines the Mortgage Reform and Anti-Predatory Lending Act (MRAPLA) (in Dodd-Frank Act) , including the significant changes that it makes to the Truth in Lending Act (TILA) (e.g., incentives for qualified mortgages, anti-steering prohibitions, defenses to foreclosure...

Jaworski on the Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Robert M. Jaworski examines the Mortgage Reform and Anti-Predatory Lending Act (MRAPLA) (in Dodd-Frank Act) , including the significant changes that it makes to the Truth in Lending Act (TILA) (e.g., incentives for qualified mortgages, anti-steering prohibitions, defenses to foreclosure...

Williams Mullen: Your Real Estate Fund and Dodd-Frank

By: Charles M. Kemp and Laurence V. Parker, Jr. Think the Dodd-Frank Act does not affect real estate investors? Think again. Most real estate investors form a limited liability company or limited partnership to buy real estate and have several investors put equity into the entity which is...

Williams Mullen: Debate Continues over Liability Protection for Lenders: Safe Harbor verses Rebuttable Presumption for "Qualified Mortgages"

BY: J.P. MCGUIRE BOYD, JR. Fifteen months after the Federal Reserve Board proposed its initial ability-to-repay rule as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, no final rule has been adopted due in large part to the continuing debate over how to protect lenders...

Ballard Spahr LLP: Temporary Exemptions Adopted for Mortgage Disclosures

By the Mortgage Banking Group As expected, on November 16, 2012, the Consumer Financial Protection Bureau adopted a temporary exemption for certain mortgage disclosure requirements added by the Dodd-Frank Act. This exemption will allow the disclosures to be implemented along with the proposal to integrate...

Ballard Spahr LLP: CFPB Adopts Mortgage Escrow Account Final Rule

By the Mortgage Banking Group Among other final rules published on January 10, 2013, the CFPB issued its final mortgage escrow account rule under a section of the Dodd-Frank Act relating to the establishment of mandatory escrow accounts on higher-priced mortgage loans. The final rule is effective...

Troutman Sanders LLP: CFPB Announces Plan to Implement New Rules for Mortgage Industry

By John C. Lynch , Ethan G. Ostroff and David M. Gettings The Consumer Financial Protection Bureau (CFPB) announced yesterday that it will be taking steps over the course of 2013 to focus on the mortgage industry's compliance with new consumer protections. The 2010 Dodd-Frank Act required the...

CFPB Issues Interim Final Rules on Dodd-Frank Mortgage Loan Servicing Requirements

BY: EDMUND D. HARLLEE On Wednesday, October 23, the Consumer Financial Protection Bureau (the “Bureau”) published interim final rules (and a request for public comment) in the Federal Register to amend further its Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement...

CFPB Publishes Final Rules on Dodd-Frank Requirements for Homeownership Counseling

BY: EDMUND D. HARLLEE On November 14, the Bureau of Consumer Financial Protection (the “Bureau”) published final rules in the Federal Register interpreting the homeownership counseling amendments to its Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures...

Qualified Mortgage (QM) Rules: Why Getting A Mortgage In 2014 May Be Harder Than Ever

New Four Letter Word In the Mortgage Industry Say the word “QM” (short for Qualified Mortgage) to any mortgage banker these days, and watch their reaction. If they were smiling, they will stop. Better yet, lock the doors to prevent them from jumping off the nearest bridge. “QM”...

CFPB Issues RESPA-TILA Integrated Disclosures Final Rule

BY: ALAN B. CLARK AND EDMUND D. HARLLEE The Consumer Financial Protection Bureau (the “CFPB”) has issued the RESPA-TILA Integrated Disclosures Final Rule . The 1,888 page rule [ enhanced version available to lexis.com subscribers ], will become effective for applications taken on or...