Description
Understand the requirements of the current regulations and statutes and specific issues involved in a mortgage transaction.
Since the early 2010s, there have been several statutes created and modified that apply to consumer credit transactions and mortgage transactions. There are several requirements dealing with the process, from obtaining a license as a mortgage originator to taking a loan to settlement.
This presentation will provide a refresher for those requirements through an analysis of the current regulations and statutes and specific issues involved in a mortgage transaction. This program will be of assistance to attorneys, as well as loan officers and credit and collection managers.
Date: 2022-10-25 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe requirements of mortgage loan originators under the SAFE Act.
* You will be able to discuss concepts covered in Regulation X and Regulation Z.
* You will be able to explain general requirements for highcost mortgages under HOEPA.
* You will be able to review a GoodFaith Estimate (GFE) and understand what charges are permitted and which charges are not.