On January 27, 2015, the FDIC announced the release of the second in a series of three technical assistance videos intended to help bank employees meet regulatory requirements. These videos address compliance with certain mortgage rules issued by the CFPB. The first video, released on November 19, 2014, covered the Ability to Repay and Qualified Mortgage Rule, and the second video covers the Loan Originator Compensation Rule. The third video, expected to be released in February, will cover mortgage servicing rules. The servicing rules address servicers’ obligations to consumers.
The first video is available at: https://www.fdic.gov/regulations/resources/director/technical/atr.html and the second video is available at https://www.fdic.gov/regulations/resources/director/technical/lo.html.