Description
Gain an understanding of how DoddFrank regulates the sellerfinanced industry.The Loan Originator Rule came into effect on January 10, 2014, to implement the new DoddFrank requirements. The Rule expanded to include certain restrictions on sellerfinancing in residential real estate transactions where the dwelling is secured by a mortgage unless the seller is entitled to certain exclusions. This material will help to demystify the rules and regulations surrounding a section of the law that covers sellerfinancing and how that impacts anyone from large institutions to Mr. and Mrs. Smith down the street.
Date: 2022-02-10 Start Time: End Time:
Learning Objectives
What Lead to Dodd-Frank Being Enacted?
• The Repeal of Glass-Stegall 1999
• The Incentivization of Subprime Market Originations
• Securitization of Mortgage (MBS)
• Rating Agencys (Moodys) A+ Ratings Ensure Safety in the Assets Being Sold
• New Derivative Products Like Credit Default Swaps to Hedge Against Losses
The Bubble Burst
• Global Banking Crash
• How the Bleeding Was Stopped in the U.S. (Globally)
• Taxpayer TARP Program
• M-2 Money Supply Expansion
New Regulations and a New Government Agency
• What Is a Loan Originator Under the Dodd-Frank Act?
• Non-Applicability
• Exceptions to Law
• Punishments and Violations
Uncommon Structures and Exceptions
• Lease Options
• Fix and Flip
• Double Closings
Best Practices and Solutions
• Third-Party Loan Originators
• Costs
• Underwriting Process
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Abby Shemesh-Amerinote Xchange
