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Friday, April 26, 2013

FDIC to Hold Teleconferences on Mortgage Reform Rules

The FDIC will hold nationwide banker teleconferences -- focused on the Consumer Financial Protection Bureau’s mortgage reform regulations -- on May 2, May 15 and June 6.  For banks that sell insurance, the call on May 15th will be of particular interest as it is likely to include lender-placed insurance (LPI).
  • The May 2nd call will focus on the ability-to-repay/QM rule, the new escrow requirements and the loan originator compensation rule.
  • The second call will address mortgage servicing, including a discussion on lender-placed insurance requirements.
  • The final call will focus on the additional aspects of the loan originator compensation rule and the HOEPA amendments.
The FDIC encourages institutions to submit questions on teleconference topics in advance of the calls.

Learn more about and register for these teleconferences.