Ability-to-repay & Qualified Mortgages
- Introduction
- The Core Requirement: A Reasonable Determination Of An Ability-to-repay
- How To Demonstrate Compliance For Non-qms: The Eight Factors
- The Qualified Mortgage Presumptions
Loan Originator Compensation Rule
- Introduction
- Lo Comp Rule Purpose, Coverage And Overview; “loan Originator” And “compensation” Defined
- Loan Originator Compensation Based On Loan Terms Or Proxies Is Prohibited; Exceptions For Profits-based Compensation
- Other Compensation Aspects Of The Rule; Record Retention Requirements And Required Policies And Procedures
- Building An Effective Compliance Management System (CMS) For The Lo Comp Rule; Presentation Recap And Resources
Small Servicer
- Overview Of Mortgage Servicing: Determining Your Small Servicer Status
- Focus On Small Servicers: Key Requirements For Small (And Large) Servicers
- If You Become A Large Servicer: Rules For Large Servicers
- Servicer Obligations To Successors In Interest
- The Compliance Management System And The Servicing Rules