Topic: Higher-Priced Mortgage Loans (HPMLs)
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CFPB: Ability-to-Repay and Qualified Mortgage Rule video transcript (5/14/2013)
Transcript of Ms. Kelly Cochran, the Assistant Director for Regulations at the CFPB, gives an overview of the ability to repay and Qualified Mortgage Final Rule, effective on January 10th […]
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CFPB: TILA Escrow Rule video transcript (5/14/2013)
CFPB video guidance to the 2013 Mortgage Servicing Rules. Mr. Paul Mondor, Managing Counsel in the Office of Regulations at the CFPB, talks through the Bureau’s new escrows rule adopted […]
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FFIEC: HPML Calculator
Federal financial regulators have an online Rate Spread Calculator, which calculates the spread between the APR and the Average Prime Offer Rate for purposes of determining whether a loan is […]
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B068 Reg. Z – Higher-Priced Mortgage Loans
This release applies to all credit unions, both state and federal. It describes Truth in Lending restrictions on certain “higher-priced mortgage loans.”