Inside Mortgage Finance Webinars are an affordable and convenient way to stay on top of major developments and residential mortgage market trends. For one low rate, you and your entire staff can hear and speak with industry experts without leaving your office. Each event lasts about 90 minutes. Participants also receive a program manual with speaker bios and presentations, along with key articles on the topic from our newsletters.
We've recorded our past conferences so you can learn from them at your convenience. You have access to the program in two formats: audio-only (MP3 format) or full audiovisual, allowing you to watch the slides while you listen (WMV format). The download package also includes the conference manual, which contains the speakers' presentations, articles on the topic from our newsletters, and other materials related to the topic. Subscribers to the IMF Training Library have full access to all recorded programs listed below.
The mortgage industry has spent the seven years since the Dodd-Frank Act took effect preparing for, implementing and tweaking compliance plans and reacting to new enforcement rules and interpretations. Now the Trump administration is exploring rolling back regulation in general and the DFA in particular, making the future of mortgage industry regulation again uncertain. Listen in as our panel of experts explores the executive, judicial and legislative challenges to the Dodd-Frank Act and the Consumer Financial Protection Bureau and how mortgage companies and those in related businesses should prepare for what may come.
With purchase mortgages likely to be the driving production force in 2017, connecting with homebuyersespecially early in the processis becoming even more crucial. While recent enforcement actions by the Consumer Financial Protection Bureau have upended decades of RESPA enforcement policy and scared many originators away from using marketing services agreements and other referral relationships once blessed by regulators, a federal court ruling in PHH v. CFPB is once again changing the regulatory landscape. Learn about balancing customer acquisition with regulatory risk during this 90-minute event.
In this recording, we explore how to entice and retain top performers while staying within the CFPBs loan originator compensation rule.
The proposed integrated disclosure amendments provide no policy revisions related to cures. Instead they focus on changes that have been characterized as highly technical. And while the CFPB contends that this allows lenders to avoid substantial reprogramming, the changes will nonetheless require retooling systems that are still in the shakedown period. Listen in as our panel of legal expert slooks at how the disclosure revisions would change your business and what youd need to change to meet them.
Hear from lenders that are already part of the non-QM market. Learn the calculations they used to determine the markets viability and how theyre meeting the challenges presented by nonprime lending. You'll also hear from a regulatory expert who served as lead attorney for the CFPB's implementation of the QM and other rules.
The CFPBs exam and enforcement powers reach farther than other regulatory scrutiny and the exam process is less routine or, for that matter, even known by many in the mortgage industry. In this recorded webinar, learn more about steps you can take to help you weather a CFPB exam. Our panel of legal experts share dos and dontsand tales from exam experiencesthat you can use to position yourself for the best exam possible.
Some lenders interpretations of the Consumer Financial Protection Bureaus tough LO compensation rules are leading them to create compensation plans that their competitors think are forbidden. While these questionable plans may succeed in luring away LO talent, they also may be creating major regulatory risk. Join Inside Mortgage Finance on March 17 at 2:30 pm ET as our expert panel of lawyers, recruiters and regulators guide you through whats standard compensation practice these days, whats truly allowed and how you can structure your plans to meet both the rules and a competitive recruiting market.
The mad dash to get systems in place to comply with the Consumer Financial Protection Bureaus integrated disclosure rule is over, but its still no time to relax. With TRID Fallout: Surviving the Aftermath of New Disclosure Rules, learn what risks might have slipped past even the best intentions, how to mitigate them, and what new disclosure-related problems you should be watching for.
The Consumer Financial Protection Bureau has just issued anxiously-awaited guidance on the legality of marketing service arrangements under the Real Estate Settlement Procedures Act. And unfortunately for mortgage lenders, the new guidance offers little comfort that many MSAs wont run afoul of RESPA. Find out what the new CFPB guidance on MSAs means for the mortgage industry and the future of lender/realty firm arrangements in this recorded webinar.
More than 18 months after the loan originator compensation rule went into effect, lenders are still wrestling with how to make sure their pay plans line up, piecing together solutions from lessons learned from the CFPBs scant guidance and the enforcement actions it has taken to date. Dig into the CFPBs LO comp supervision and enforcement plan, how it should guide your policies, and what LO compensation strategies you should and should not consider with this recorded webinar.
The Consumer Financial Protection Bureau and the Justice Department are aggressively investigating alleged mortgage discrimination, especially using expansive theories of what might constitute redlining and general fair lending violations. In fact, many lenders are being asked to explain their mortgage practices either in the context of a regulatory examination or an enforcement investigation. For mortgage lenders and servicers, the regulators' investigation methods underscore and increase the need to monitor data, complaints, compliance management systems and much more. In this 90-minute program, learn more about the current state of fair lending risk and how you can proactively guard against violations as well as flag-raising data patterns.
Setting compensation for mortgage loan officers has never been easy. But in 2015 the twin challenges of increased competition and a tough regulatory environment have created a business puzzle that is extremely tough to solve. In particular, the intricacies of the Consumer Financial Protection Bureaus loan originator compensation rules even after a year raise more questions than answers about how to attract top-producing LOs without violating the law. Learn more about what triggers compensation rule violationsand what types of incentives pass the current regulatory testfrom this 90-minute program.
The Consumer Financial Protection Bureau, the Department of Justice and other regulators have stepped up their pursuit of fair lending violation, bringing more than a dozen actions and levying hundreds of millions of dollars in fines. And now the CFPB has proposed significantly expanding the data it collects under the Home Mortgage Disclosure Act, one of the primary tools used for sniffing out possible fair lending cases. Learn what you can do to manage your fair lending risk through this program.
Banking regulators, state regulators and the Consumer Financial Protection Bureau are all ramping up their scrutiny of mortgage servicers. And while a major new mortgage servicing rule just took effect in early 2014, some firms are learning the hard way that their servicing liability may extend back many years. Listen to this 90-program to learn more about how the CFPB and other regulators are pursuing perceived servicing violations and how you can minimize your chances of being the next company facing a settlement.
The yardstick for measuring whats okay to say when courting mortgage customers has changed with the Dodd-Frank Act and the ascendancy of the Consumer Financial Protection Bureau. Now the crucial test is how the consumer interprets your advertising and other marketing materials. The new perspective and an expanded definition of unfair practices mean that material that was all right in the pre-Dodd-Frank era may now raise red flags. In this program, learn more about the CFPBs oversight of customer communication and how you should be reviewing your advertising and marketing to stay in the clear.
So-called non-QM lending is quickly shaping up to be one of the hottest new areas for mortgage lending growth. Hear from lenders that are already part of the non-QM market. Learn the calculations they used to determine the markets viability and how theyre meeting the challenges presented with non-QM lending.
Mortgage compliance experts are warning that lenders need lots of time to prepare for major changes in the whole mortgage origination process that must be made to accommodate the new disclosures. Find out what you need to know and do when you listen to this webinar. Our team of experts examine the changes required under the new rulesand, most importantly, take you through what you should be doing to ensure the smoothest transition to the new requirements.
Fannie Mae and Freddie Mac wrapped up their buyback reviews on legacy business late in 2013, resulting in first-quarter 2014 buybacks being the lowest since 2008. But the risk from repurchases remains high enough that most banks didnt release their reserves. Meanwhile, the FHA has dramatically stepped up its indemnification requests, increasing both the number and areas of violations it is pursuing. Learn more about the continuing repurchase and indemnification risk and how to shield your company in this program.
Much is still being learned about how the Consumer Financial Protection Bureau will use its supervision and enforcement powers over nonbanks. And now mortgage companies are facing unprecedented new scrutiny from state regulators particularly as it involves servicing transfers, affiliate relationships, and consumer protections. Will the beefed-up attention "level the playing field" or will it just add challenges for everyone in the market, depositories as well as nonbanks? In this program, our panel breaks down current and future state and federal actions.
With refinance volume unreliable and home purchase activity rising slowly, everyone in the mortgage industry is looking at ways to generate new business. And tough ability-to-repay/qualified mortgage regulations have prompted more than a few mortgage market players to consider non-QM lending as one avenue. Does non-QM lending make business sense for your company? What are the legal risks in this new mortgage market sector? Get the answers to these and many other questions in this program.
Its never been easy to retain and attract top mortgage producers, but the task has become decidedly tougher with an increased dependence on home purchase mortgage activity and the current regulatory environment. In particular, two new sets of rules from the Consumer Financial Protection Bureau, the loan originator compensation restrictions and the qualified mortgage standards, have put loan originator compensation in the regulatory spotlight. In this program, our experts untangle how you canand how you must notstructure loan originator compensation. Youll gain valuable insight into what you have to do to meet the CFPB requirements and where you have leeway for creative compensation.
It's a revolutionary time for mortgage servicing. Improved valuations for mortgage servicing rights have enabled some lenders to ride out slowdowns in originations. Other lenders are choosing to hold onto their servicing, either to maintain relationships with customers who have additional valuable banking and lending needs or to avoid the regulatory and oversight headaches associated with servicing transfers. And still another group is taking a middle path, selling the asset but continuing to work the loans as subservicer. Explore the paths available to youand the pros and cons of eachin this program.
In an era where fair lending violations are discovered not through complaint but through statistical analysis, the very underwriting that verifies a qualified mortgage could also be ammunition for a fair lending enforcement action. Identify ways to steer clear of fair lending trouble while staying on course with the QM standards when you listen to this program.
With approximately one-third of the Consumer Financial Protection Bureaus staff now dedicated to supervision, it is clear exams will be a major focus for the regulator. In this program, learn more about what the CFPB will be looking for from mortgage companies and how to prepare your business so that you can sleep soundly even after the CFPB informs you that they are launching an exam.
The industry is once again facing new and improved mortgage disclosure forms. This time it is a Dodd-Frank-mandated melding of the Truth in Lending Act and RESPA disclosures. In this program, we go over the specific requirements of the CFPBs new mortgage disclosures rule how the new forms will work from a timing and coordination perspective and what operational and system changes must be tested and implemented.
Make sure you havent overlooked any important considerations of the ability-to-repay/qualified mortgage rule. In this program, a panel of experts provides you and your team with a review of this major rule and its requirements. You'll hear about points and fees, exemptions, documentation and quality control.
The specter of buybacks has continued to haunt the mortgage industry, despite implementation of a new Fannie Mae and Freddie Mac representations and warranties framework that promises repurchase relief with a three-year sunset on liability. Hear about Freddies and Fannies current review processes and learn how you can manage your quality control to reduce buyback risks on new business in this program.
While the alignment of the Qualified Residential Mortgage standard with that of the Qualified Mortgage should make it easier for mortgage market players to meet the QRM standards when it comes to securitizing and selling residential mortgages, the somewhat rigid underwriting standards of QM could make it very difficult to offer anything but plain vanilla mortgage products. In this program, learn what the QRM rule could mean for you and your business.
Its a tough new regulatory world when it comes to LO compensation. In this program, learn more about the paths you can follow to satisfy all the intersecting regulations. Our experts discuss the current rule requirements and where you need to watch for rule conflicts.
As mortgage rates rise from their record lows and the pool of homeowners looking to refinance particularly under the Home Affordable Refinance Program dries up, some of the slack is being taken up by the growing home-purchase mortgage market. Learn how to maintain and grow your originations numbers as the market transitions from a refinance to a home-purchase focus in this program.
The Consumer Financial Protection Bureaus new qualified mortgage safe harbor promises to protect lenders if they can show that a loan met certain criteria at origination that presume the borrower had the ability to repay. But to reach that harbor, originators must navigate some complex calculations to determine if the points and fees fit under the 3 percent maximum and if the loans interest rate is below the threshold that would make it higher-priced. This program takes you step-by-step through what to include in your calculations and how to do the math.
Non-agency lending is on the upswing, with jumbo originations leading the way. But while demand for nonconforming mortgages is growing, lenders are scrambling to map out their best post-origination strategy in a quickly evolving secondary market. Find out if conduit sales are a profitable delivery option for your non-agency mortgages in this program.
The ability-to-repay rule affects nearly every facet of originations as well as many parts of servicing and secondary marketing. You need a well-considered plan of attack to be sure youre ready on all fronts. This program offers a practical discussion of how and what you need to evaluate.
The federal government has stepped up its fair lending game. The Department of Housing and Urban Development has formalized, and expanded, its longstanding but controversial prohibition on disparate impact. The Consumer Financial Protection Bureau has brought fair lending enforcement and supervision to nonbanks and other lenders who havent been in the crosshairs before. Hear from top regulatory experts who can help you understand the impact of the increasing fair lending enforcement on your business in this program.
Fannie Mae and Freddie Mac continue to dominate the residential mortgage market. And dwindling use of correspondent programs by bigger banks has led to an increasing number of smaller banks and nonbanks working directly with Fannie and Freddie for the first time. In this program, find out how this changing mortgage lending landscape is prompting Fannie Mae and Freddie Mac to review and rethink their mortgage delivery and seller requirements.
The Consumer Financial Protection Bureau's final rule on loan originator compensation builds on regulations put into effect by the Federal Reserve years earlier. But broader definitions for originator and compensation extend the impact of the Fed's version to everyone from tellers to managers and make it nearly impossible to build new compensation plans on the bones of existing systems that met the Fed's restrictions. Learn where the dividing lines are and how your procedures need to change to stay on the correct side in this program.
The CFPB's servicing rule put servicers back at square one, needing to revise procedures, personnel training and document management in order to meet new federal standards. Dive into the CFPB's rule, and learn its likely impact on you, with top regulatory experts.
The ability-to-repay rule from the CFPB dictates strict underwriting standards for mortgage loans and limits loan features and fees. It also establishes a hybrid legal protection for lenders who make qualified mortgages, loans presumed to meet the ability-to-repay requirements. In this program, some of the top mortgage regulation experts in the country analyze the QM rule.
The Consumer Financial Protection Bureau's major overhaul of mortgage servicing standards not only mandate new borrower protections but also change the calculation for many firms as to whether they should be part of the mortgage servicing business. In this program, a top legal expert, a CFPB executive and the top mortgage servicing lawyer at the nation's largest servicer look at the CFPB's servicing rule.
Learn about the important steps FHA and Ginnie Mae are taking to better monitor lender and issuer performance and what firms can do to limit their liability in this program. Hear directly from senior FHA and Ginnie Mae executives and other industry experts about evolving new policies at these important agencies.
In this program, hear from a top Fannie Mae executive on what triggers buyback requests and how the GSE reviews and samples mortgages. Learn from an FHFA official exactly how the new buyback framework works and the changes it brings for Fannie's and Freddie's customers. And hear legal expert Larry Platt's comments on the new buybacks protocol.
- GSE Buybacks Thru 4Q16
- Top 20 Lender Profiles 4Q16
- Mortgage Servicing Rights: 4Q16
- GSE Seller Profile 4Q16
- Top Players 3Q16
- Mortgage Profitability 3Q16
With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.
Do you think your shop will loosen standards over the coming three months?
- Yes, but not by much.
- Yes, by a lot.
- Yes and, heck, we may even do non-QM lending.
- No, not at all.
- No and we may even tighten credit.
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