News Feed

Mortgage Lending changes coming next Month

Tue, Jul 7, 2015

Columbia, Maryland

On July 22, compliance expert Mary-Lou Heighes, will give participants an up-to-date close-up view of the mortgage lending requirements, including those that take effect August 1.  Heighes  will take attendees through all the regulatory requirements for mortgage lending, including first and subordinate liens, Home Equity Lines of Credit, higher priced mortgages, and Section 32 (high rate/fee) loans.   Starting with the application process, the agenda will include disclosure issues, qualified mortgage requirements and the Ability to Repay regulations, loan limits, flood insurance and more RESPA and Truth in Lending requirements.

Mortgage Lending Compliance training costs $290 for credit unions with >$50M in assets, $145 for credit unions with <$50M in assets and $72.50 for credit unions with <$10M in assets.  The Credit Union Foundation of MD & DC offers educational reimbursement to credit unions with up to $150M in assets.