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Thursday, June 15, 2017

ABA Releases Second Edition of Free Mortgage Origination Deskbook

ABA and law firm BuckleySandler have released the second edition of “The CFPB Mortgage Origination Rules Deskbook,” a free and comprehensive reference guide to help bankers understand and comply with the CFPB’s rules when originating mortgage loans. The second edition covers all regulatory changes issued since the deskbook was first published in 2014, and it adds an entirely new chapter on complying with updates to the Home Mortgage Disclosure Act rules.

The ABA members-only deskbook  available in a printable electronic format  consolidates all available CFPB compliance guidance. In addition to the rule text and official commentary, the deskbook encompasses CFPB interpretive rules, bulletins, small entity compliance guides, webinars and conference presentations and is intended to be a “one stop shop” for origination compliance.

Co-authored by ABA SVP Rod Alba and BuckleySandler attorneys Joseph Reilly, Benjamin Olson, Kathleen Ryan and Joseph Kolar, the deskbook also covers ability-to-repay and Qualified Mortgage requirements, points and fees, loan originator compensation, appraisals, high-cost mortgages, the TILA-RESPA integrated disclosures and QM provisions for Federal Housing Administration and Veterans Administration loans, among others.

Download the deskbook.

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