Kris D. Kully
Mayer Brown
Articles
Agencies to Review QRM / Securitization Credit Risk Retention Rule
USA - December 22 2019 The agencies responsible for the securitization credit risk retention regulations and qualified residential mortgages (“QRMs”) are asking for public…
CFPB: Profit Motive of Loan Purchaser Is Element of Novel “Abusive” Claim
USA - September 20 2017 A desire to make a profit by purchasing high-risk student loans is abusive according to a recent filing by the Consumer Financial Protection Bureau…
Self-Employed Borrowers’ Income - Is the Past Necessarily Prologue?
USA - June 9 2020 In a new era of double-digit unemployment resulting from the COVID-19 pandemic, it may be tough for a mortgage lender to predict the amount and…
New Military Lending Act Regulations Effective October 3, 2016
USA - September 28 2016 New regulations under the federal Military Lending Act (“MLA”) that become effective next week will prohibit consumer loans to covered US Service…
Acceptance of Private Flood Insurance - Final Rule
USA - February 28 2019 Federal banking agencies issued a final rule, effective July 1, 2019, implementing the requirement in the Biggert-Waters Flood Insurance Reform Act…
