Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
Qualified Mortgage - Qualified Residential Mortgage
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Deposit Insurance
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, January 22, 2013

ABA Releases Analysis on Ability-to-Repay/QM Rule

ABA has released a staff analysis on the ability-to-repay/qualified mortgage final rule that the CFPB issued on Jan. 10. The final rule implements the Dodd-Frank Act’s most important mortgage-related legislative reform, and it is expected to significantly affect future real-estate finance activities.

Read the ABA analysis.

In addition, ABA will be hosting a free, two-hour, members-only telephone briefing—2-4 p.m. on Friday, Jan. 25—that will provide an overview of the six mortgage-related rules that the CFPB issued this month. The briefing will highlight the rules’ potential effects on banks’ mortgage operations, with a special emphasis on the ability-to-repay/qualified mortgage requirements.

Read more and register.

Furthermore, the ABA will offer a series of six telephone briefings in February and March that will provide a more in-depth analysis of the CFPB’s new mortgage-related rules. Descriptions and links for the briefings will be posted in the near future. The briefings are:
  • “Understanding Ability-to-Repay and QM” on Feb. 12. 
  • “In-Depth: Parsing CFPB’s New Servicing Rule” on Feb. 19. 
  • “HOEPA’s Expanded Reach: “High-Cost Mortgages” on Feb. 26. 
  • “Escrow and Balloons: What’s Exempt and What’s Not” on March 5. 
  • “Understanding Mortgage Loan Originator Compensation” on March 12. 
  • “Appraisals and Higher-Risk Mortgage Loans” on March 19.
Go to the ABA briefing calendar.

Indicates ABA members-only material.
Not an ABA member?
Learn about the benefits of membership and ways to join here.

No comments:

Post a Comment

Please read our comment policy before making a comment.