Guide to Mortgage Referrals and RESPA Enforcement

This guide digs into CFPB RESPA enforcement actions, particularly the consent orders against Prospect Mortgage and some of its referral partners, for insight on what referral and marketing arrangements lenders should steer clear of and what business-generating tactics might be okay with the bureau.

Guide to CFPB Mortgage Exams and Enforcement, 2nd Edition

Learn more about the CFPB’s supervision and examinations—and how you should prepare for and respond to them. This special report offers tips for supervised entities on what to do before, during and after the CFPB comes knocking at the door.

Guide to the CFPB's Loan Originator Compensation Rule

More than two years after the CFPB's new loan originator compensation rule went into effect, lenders are still grappling with how to comply with it while still creating pay packages that entice and reward top producers. And while many lenders perceive that the competition is snatching up top performers by skirting the rules, the price of a miscalculation in how far the rule will stretch may be costlier than losing a high-producing LO, thanks to big-money penalties and expectations that the bureau will spend a considerable amount of time scrutinizing comp plans. This guide, updated in April 2016, closely examines the rule, contrasts its differences from previous regulations, and discusses important compliance and enforcement concerns.

Guide to Fair Lending Compliance, 2nd Edition

There are more ways to fall into fair lending trouble than ever and more enforcers watching to see if you do. The Department of Justice has teamed up with the Department of Housing and Urban Development, bank regulators and the Consumer Financial Protection Bureau to ramp up its anti-discrimination efforts. The Consumer Financial Protection Bureau is keeping its own eagle eye out for fair lending violations, scouring Home Mortgage Disclosure Act data for patterns of discrimination and undertaking targeted Equal Credit Opportunity Act reviews and deeper fair lending analysis in supervisory exams and investigations. Get the full picture of current fair lending exam and enforcement risks and what you can do to lessen your exposure in this all-new report.

Guide to Marketing Services Agreements, RESPA and the CFPB

Without any new regulation, the Consumer Financial Protection Bureau changed the mortgage business-development game dramatically when it began enforcing its very different interpretation of marketing services agreements. In this new guide, Inside Mortgage Finance looks at marketing services agreements, their past and their future, as well as CFPB RESPA enforcement beyond these arrangements. With this guide, you’ll know what is specifically not allowed in MSAs and what types of arrangements are most problematic. You’ll also come away with an understanding of how the CFPB is approaching its RESPA responsibilities.

Guide to Mortgage Marketing Compliance

The CFPB's Dodd-Frank-granted authority to take enforcement action on unfair, deceptive or abusive acts or practices is allowing the bureau to find fault with mortgage advertising and marketing—and levy huge fines—even when originators are strictly following all the tenets of the Truth in Lending Act, the Real Estate Settlement Procedures Act and the myriad of other consumer finance laws. This report will help you promote your mortgage services without getting flagged by the CFPB for misrepresentation.

Guide to Nonbank Supervision and Enforcement

The Guide to Nonbank Supervision and Enforcement explores all aspects of the new regulation faced by nonbank lenders and servicers from the priorities of state regulators to how the CFPB directs its supervision efforts to emerging guidelines for nonbanks in the agency mortgage space.

Guide to the CFPB's Mortgage Disclosure Requirements

Learn all about the Loan Estimate and Closing Disclosure forms and the rules around them in IMF’s Guide to the CFPB’s Mortgage Disclosure Requirements. The report covers such topics as timing of disclosures, recordkeeping, liability and redisclosures. It also includes a lender perspective section that spotlights important points in the rules where major process changes might be required.

Guide to CFPB's Regulation of Mortgage Servicing

The new servicing regulations dictate very tight specifics on servicer-borrower communications. Spelled out are the very items that must be included and the precise timing of the communications. There are also increased requirements on what documentation must be kept and how quickly it must be accessible. The servicing regulations also enlist business partners as watchdogs. Servicers are responsible for maintaining pathways that deliver accurate and current information between themselves and their service providers. And loan owners are as liable as servicers for non-compliance. Learn more about the servicing rule, the CFPB’s monitoring of servicing transfers, and recent state settlements in this IMF guide.

Guide to Qualified Residential Mortgages and Risk Retention

Learn about the August 2013 QRM proposal and all its ramifications in the IMF Guide to Qualified Residential Mortgages and Risk Retention. In addition to an understanding of what standards the two proposals would require of loans in order for them to be deemed QRMs, you’ll also learn how the QRM designation affects post-origination actions and how others in the mortgage industry think the proposals will change the market.

Guide to the Ability-to-Repay Rule and Qualified Mortgages

The new ability-to-repay rule and its qualified mortgage standard, released by the Consumer Financial Protection Bureau in January, are likely to change the course of business for nearly every player in the residential finance industry. Get a concise examination of the rule, its requirements, and its impacts. Learn what it takes to stay within the ability-to-repay restrictions, what constitutes a qualified mortgage and how the repercussions are likely to affect your business.

Understanding the Dodd-Frank Wall Street Reform and Consumer Protection Act

Nearly two years after the “Dodd-Frank Wall Street Reform and Consumer Protection Act” was signed into law, federal regulators were well behind in meeting deadlines set by the DFA. A number of mortgage-related rulemakings are in progress and the Consumer Financial Protection Bureau – created by the DFA – has a significant focus on the mortgage industry. This new enhanced Guide includes major updates on CFPB activities, the ability to repay/QM rule, risk retention and QRM, new servicing requirements, LO compensation, mortgage disclosures, MBS ratings and the impact the Volcker Rule will have on the mortgage market.

Adapting to State Mortgage Initiatives

Learn the latest developments in state mortgage initiatives in this guide. You’ll have exclusive details from state regulators on two of their top priorities: loan originator compensation and quarterly reporting of mortgage activity. You’ll also find compliance advice from industry attorneys. (Jan. 2012)

Guide to the New Mortgage Environment: The CFPB's Regulatory Game Plan

Perhaps no other regulator in recent memory has attracted as much attention and controversy as the newly empowered Consumer Financial Protection Bureau. The Dodd-Frank Act established the CFPB in an effort to consolidate federal regulation of most consumer finance practices within a single regulator. (Oct. 2011)

Working With New Appraisal Independence Requirements

Find out everything you need to know about appraisal data requirements established by Fannie Mae, Freddie Mac and the FHA—called the Uniform Appraisal Dataset—and other issues impacting appraisals in this guide. You’ll learn about the impact on consumers, what should be in your appraisal and evaluation program, what the prohibitions are, and more. This Guide will help you get up-to-speed on all the details.(Sept. 2011)

Understanding the Qualified Mortgage Proposal

Tough new standards for mortgages are coming. The Dodd-Frank Act requires that “qualified mortgages” be defined by at least eight stringent underwriting characteristics. Use this special report as your roadmap to where the QM proposal is headed and what you can do to prepare for the changes. The QM provisions account for a small part of the Dodd-Frank Act, but they are likely to establish some of the strongest consumer protections in the history of the mortgage market. (Sept. 2011)

Guide to Fair Lending Enforcement

Find out everything you need to know about the Department of Justice's push for fair lending enforcement in the Guide to Fair Lending Enforcement from Inside Mortgage Finance Publications. (July 2010)

Guide to the Homeowner Affordability and Stability Plan

An easy-to-use reference guide to all of the Making Home Affordable programs. (2009)

Guide to the New Appraisal Code

Get everything you need to know about the appraisal code and how it impacts mortgage industry players. (2009)

IMF's Guide to the New TILA/HOEPA Mortgage Rule

Sweeping changes to mortgage rules under the Truth in Lending Act (TILA) and the Home Ownership and Equity Protection Act (HOEPA) extend to all originators and servicers, regardless of how the company is regulated. (2008)

The Facts on FACTA

Deciphering hundreds of pages of the Fair and Accurate Credit Transactions Act's final ruling can be daunting, and expensive, and may take away the precious time your company has to become compliant. This report allows you to easily sort through the Act, in a section-by-section format, to get a better grasp on the provisions that affect you the most. (2004)


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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