The FDIC has announced that its Division of Depositor and Consumer Protection will be holding free teleconferences on the CFPB’s significant mortgage-related proposals. The teleconferences, which are scheduled for Thursday, September 27 and Wednesday, October 10 from 2:00 p.m. to 3:30 p.m. ET on each day, are open to officers and employees of all FDIC-insured institutions.
The Sept. 27 teleconference will cover mortgage originator standards, appraisals for higher-risk mortgages, Equal Credit Opportunity Act appraisal requirements, and mortgage servicing. The topics for the Oct. 10 teleconference will be RESPA/TILA mortgage disclosure integration, the ability-to-repay rule and “qualified mortgage” standard, escrow requirements for higher-priced mortgage loans, and new provisions for high-cost (HOEPA) loans.
We have prepared detailed legal alerts on the mortgage originator and servicing proposals that will be covered in the Sept. 27 teleconference and on the proposals that will be covered in the Oct. 10 teleconference. In addition, because of the importance of these proposals to our clients, we are conducting a series of webinars on the proposals. On September 6, we conducted a webinar on the proposed mortgage servicing rules. Upcoming webinars are: