Round One: CFPB Rules - HOEPA, Escrows & Qualified Mortgages. A look at the Big Picture

January 30, 2013

1:30–3:30 p.m. Central Time

Cost: $219
CUNA Volunteer Network members receive a $50 discount.
CUNA Council members receive a $50 discount.

Please note: Only one discount valid per webinar registration.
Credit unions with less than $10 million in assets receive a $50 discount. Apply promo code 0950SMALL during checkout.


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About This Event

Prepare your credit union for regulatory change and minimize the risk. The Regulatory Wave of 2013 has begun with new CFPB rulings issued on January 10, 2013. Do you understand the impacts these new rules will have on your mortgage lending operations? Join us for an overview of what they mean to credit unions and for a look ahead at future guidance and implementation dates.

During this webinar, you will learn:

Qualified Mortgage Rule
  • What constitutes a 'qualified mortgage' under the new rule
  • When a qualified mortgage is entitled to a safe harbor and when it is entitled to only a rebuttable presumption
  • The ability to repay standard for non-qualified mortgages, the new rules on rural balloon payment mortgages, prepayment penalties, record retention and the concurrent proposal to create a special category of qualified mortgage for certain small creditors

HOEPA
  • The new coverage test for high cost mortgages
  • The new restrictions and requirements for high cost mortgages
  • The new home ownership counseling requirements

Escrow
  • Changes to the requirement to establish an escrow account for higher-priced mortgages
  • The exemption for small creditors in rural or underserved areas

You may also be interested in part-two of this hot-topic, Round Two: CFPB Rules - Mortgage Servicing & the Joint Agency Appraisal Rule - Answering the Questions.

Webinar Overview

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff! When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Also Available

Can't attend at this time? Click here for the archived version.

Who Should Attend

This webinar is beneficial for credit union compliance staff, CEOs and mortgage lending staff that want to stay up-to-date on the new CFPB ruling.

Affiliation with CUNA/League is required for attendance.

Instructors

Andrea Stritzke, CUCE
As vice president of Regulatory Compliance for PolicyWorks, Andrea is responsible for the delivery of PolicyWorks' regulatory services and new product development while also working with individual credit unions to provide them with training and counsel on certain regulatory matters. In addition, Andrea assists credit unions with strategic compliance program management and is a nationally recognized speaker on credit union compliance issues. Prior to joining PolicyWorks, Andrea worked as a judicial clerk for the Iowa Court of Appeals.

Cancellations

The last day for cancellations was January 22, 2013. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.

For more program content information, call 800-356-9655, ext. 4249, or e-mail training@cuna.coop.

For registration questions, call 800-356-9655, ext. 4400, or e-mail reginfo@cuna.coop.