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Compliance

 

Webinar: CFPB & Interagency Guidance for Residential Mortgage Foreclosures, Modifications & Workouts

 

 

Thursday, June 5, 2014

2:00 - 3:30 pm CST

 

Speaker: Elizabeth Fast, & Stephanie Kalahurka, Spencer Fane Britt & Browne, LLP

 

About the Program

Has your credit union updated and implemented procedures for residential mortgage foreclosures, modifications, and workouts? The CFPB’s new mortgage servicing rules, and the recently issued Interagency Consumer Compliance Examination Procedures for Mortgage Rules Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act have dramatically changed the way foreclosures, modifications, and workouts must be handled. This webinar will address the new rules and suggest tips and strategies for ensuring compliance. It will cover the CFPB’s new requirements for early intervention and continuity of contact with delinquent borrowers, including new loss-mitigation procedures. In addition, this program will include the NCUA’s supervisory guidance on loan workouts, nonaccruals, and the regulatory reporting of troubled debt restructured loans.

 

HIGHLIGHTS

  • How the CFPB’s new mortgage servicing rules have changed the mortgage workout and foreclosure process
  • New timing and interaction requirements among servicers and creditors in foreclosures
  • New requirements for loss mitigation
  • What exemptions to the requirements may be available?
  • What are the requirements for an effective loan workout policy?
  • How to report troubled debt restructurings


Related Files
Printable Brochure (Adobe PDF File)

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