8975 Guilford Road
Columbia, MD 21046
CFPB Regs on Ability to Repay and Qualified Mortgages
2014 NCUA Fair Lending Regs
Presented by nationally recognized credit union attorney Andy Keeney
Effective January 10, 2014 – CFPB Regulations on Ability to Repay and Qualified Mortgages
After issuing over 1,000 pages of regulations to address the underwriting requirements for first mortgage loans and a mandatory evaluation to ascertain the member’s ability to repay the mortgage, the CFPB has spent the summer updating the regulations. The new rules take effect approximately 70 days from this very timely seminar. If the requirements of the regulations are not met, your credit union may have difficulty selling the mortgage in a secondary market.
This program will address the new underwriting guidelines, loan reviews and loan approvals. There will be detailed discussions regarding pros and cons of qualified mortgages. You will walk away with a to-do list, best practices, and checklists to help your credit union get ready for the January regulations.
2014 NCUA Fair Lending Examinations
NCUA and the CFPB have made it very clear that fair lending is something that should be on everyone’s compliance agenda. NCUA has issued a new fair lending guide and announced that they will be conducting fair lending examinations for 2014.
This program will provide you with an overview of the fair lending laws and regulations and make sure you understand the significance of the warnings/guidance that NCUA has provided the credit union. A comprehensive list of all fair lending documents has been compiled and all participants will receive the documentation including checklists, best practices and a comprehensive handbook of all that is available on fair lending.
Andy Keeney, Esquire, co-chair of the Kaufman & Canoles National Credit Union Team, currently serves as the general counsel for numerous credit unions. He is a top speaker at industry events and regularly receives rave reviews. Keeney has been representing credit unions for more than 30 years. His practice includes all aspects of credit union representation.
8:30 a.m. – Signing in, networking, light breakfast
9:00 a.m. to 4:00 p.m. – Training
Lunch will be provided.
Tuition Reimbursement – New Asset Ceiling Eligibility!
Maryland and D.C.-based credit unions with up to $150 million in assets may be eligible for up to 75% educational reimbursement from the Credit Union Foundation of MD & DC. For details and an application, visit http://www.cufound.org/training.htmor contact Training Director Diane Pinter, firstname.lastname@example.org 443-325-0779.
October 30th, 2013 9:00 AM – 4:00 AM