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Compliance

 

Webinar: Home Equity/Second Lien Risk Management

 

 

Thursday, August 21, 2014

2:00 - 3:30 pm CST

 

Speaker: Tommy Troyer, Young & Associates, Inc.

 

About the Program  (Updated as of 8/5/14)

The housing crisis and the Great Recession permanently changed lending risk management expectations. Home equity and junior lien mortgages are among the portfolios receiving the most intense scrutiny and increased regulatory expectations. This webinar will cover recent regulatory guidance related to junior lien risk management practices and simple steps credit unions can take to ensure compliance. Regulatory compliance and risk management best practices will be addressed as well as underwriting, origination, account and portfolio monitoring, and considerations when implementing line management actions (capping or freezing lines), loan modifications, and ALLL analysis.

Important HELOC Update:  On July 1, the NCUA and the other federal regulators released the Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Periods.  The guidance sets forth a number of important risk management expectations for credit unions with meaningful HELOC portfolios. Guidance issues that will be addressed during this webinar include expectations for borrower outreach, designing modification programs and underwriting changes, determining the TDR status of modified HELOCs, and expectations for management tracking and reporting HELOCs nearing the end of their revolving line.

HIGHLIGHTS

  • How the Interagency Guidance on Allowance Estimation Practices for Junior Lien Loans & Lines of Credit affects credit unions
  • Tips on ensuring an adequate ALLL methodology is in place for junior lien portfolios
  • Dos and don'ts of a line management program (capping or freezing of a borrower's line)
  • Regulators' expectations for monitoring the status of a borrower's first lien mortgage
  • Best practices for underwriting, documentation, loan modifications, and product design


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Printable Brochure (Adobe PDF File)

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