Topic: Mortgage Loans
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B070 Registration of Mortgage Loan Originators
This release applies to federal and state credit unions. It describes the new requirement for mortgage loan originators at credit unions to participate in a national registration program as required […]
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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.”
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B064 R.E.A.P. & Home Equity Lines of Credit
This release provides guidance on setting up and administering a HELOC program, such as The League’s R.E.A.P.® program. Exhibits: Exhibit A – Wisconsin HELOC Documentation Checklist Exhibit B – Instructions […]
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B062 Reg. Z: Home Ownership & Equity Protection Act (HOEPA) Rule
This release describes the Federal Reserve’s requirements for credit unions offering “high-cost” or “high-fee” mortgage loans subject to the Home Ownership and Equity Protection Act (HOEPA) rules in Reg. Z. […]
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B058 HUD’s Delinquent Homeowner Notice Requirement
This release applies to all credit unions, state and federal, which hold residential mortgage loans. The Department of Housing and Urban Development (HUD) requires credit unions to send two notices […]
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B057 Homeowners Protection Act
This release applies to all credit unions, state or federal, which require or place private mortgage insurance on loans secured by single-family dwellings. This release is adapted from a summary […]
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B053 Real Estate Mortgage Lending
This release describes the requirements of Wis. Admin. Code Ch. DFI-CU 54 (effective November 1, 1997), with cross-references to other regulations. Although federal credit unions are not subject to the […]
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Wis. Stats: 706 Conveyances of Real Property; Recording; Titles as regarding construction and real estate lending.
706.11 Priority of certain mortgages, trust funds. (1) Except as provided in sub. (4), when any of the following mortgages has been duly recorded, it shall have priority over all […]
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B050 Federal Limitation on Exercise of Due-on-Sale Clauses
This release describes federal restrictions on the enforceability of due-on-sale clauses.
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B048 Priority of Future Advances
This release describes steps credit unions can take to protect the priority of their mortgage liens.