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Course/Product Description
Title:

Ability To Repay And Qualified Mortgage Rules Under The Dodd-Frank Act: What Every Lender Should Know

SKU:WC-1023186
Date / Time: Recorded
Format: Webinar
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Description:

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), signed into law in 2010 and amended in 2013, contains a series of financial regulatory reforms intended to combat what was perceived by lawmakers as a lack of oversight leading to the recession and housing crisis of the late 2000's.

One of the provisions of the Dodd-Frank Act requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan) and establishes certain protections from liability under this requirement for qualified mortgages.

This webinar will examine the rule and explain what lenders need to know to remain compliant and protect their business.

Agenda

The Ability to Repay Determination

  • What Loans Fall Within the Scope of the Rules
  • Underwriting Guidelines Utilized in Making Determination Regarding the Ability to Repay
  • Exceptions to the Ability to Repay Rules
Safe Harbor for Qualified Mortgages
  • What Constitutes a Qualified Mortgage
  • Protections Afforded by Safe Harbor Status
  • Higher-Priced Mortgages Can Still Obtain Safe Harbor Status
July 2013 Amendments to the Ability-to-Repay and Qualified Mortgage Rules
  • Additional Exceptions to the Original Rule
CFPB Enforcement of the Rules and How Courts May Interpret the Ability to Repay and Qualified Mortgage Rules
About The Presenters

Gennifer L. Bridges, Esq.
  • Attorney in the Orlando, Florida office of Burr & Forman LLP
  • Specializes in litigation involving banks, creditors, and debt collectors in complex foreclosure matters and claims arising under the TCPA, FDCPA/FCCPA, FCRA, and RESPA and advises clients on matters involving compliance with CFPB regulations
  • Has been named a Florida Super Lawyers "Rising Star" in Business Litigation from 2012 to 2016
  • Has written the following articles "Commentary on Elsman: Copy of Note Attached to Complaint may Evidence Standing to Foreclose," published by Burr Consumer Finance Litigation Blog on January 8, 2016; "Servicer Foreclosing in Own Name Must Establish Standing and Ratification by Real Party in Interest," published by Burr Consumer Finance Litigation Blog on May 1, 2015 and "Sixth Judicial Circuit Rules in Creditor's Favor on 559.72(18) Claim Under FCCPA," published by Burr Consumer Finance Litigation Blog on April 18, 2015
Ashley M. Elmore Drew, Esq.
  • Attorney in the Tampa, Florida office of Burr & Forman LLP
  • Provides legal and regulatory compliance advisement and auditing services to financial services clients on a wide range of topics, including but not limited to the following: RESPA, SCRA, Third Party Relationship Risk Management, Bank use of Foreign-Based Service Providers, ECOA, FDCPA, FCRA, FACTA, UDAAP, and Regulation P. She also represents clients in a wide range of litigation to include claims asserted under TILA, RESPA, FDCPA, and TCPA
  • Has written the following articles "New Risk from New Rules on Banker Pay", Published by BAI, Banking Strategies on July 6, 2016; "The Best Defense is a Good Strategy: Planning for the Arbitration Rule", Published by Burr Consumer Finance Litigation Blog on June 27, 2016; "Not Just the C-Suite: Regulators Issue Broad New Proposed Rule on Banker Compensation", Published by Burr Consumer Finance Litigation Blog on April 25, 2016; "CFPB Receives Strategy Lesson—Court Holds it Overreached by Investigating For-Profit School Accreditation", Published by Burr Consumer Finance Litigation Blog on April 27, 2016; "Do We Want the CFPB to Regulate the Practice of Law?", Published by Burr Consumer Finance Litigation Blog on April 29, 2016; "NCUA Proposes Rule Easing Credit Union Commercial Property Occupancy Rule", Published by Burr Consumer Finance Litigation Blog on June 29, 2016 and "Ctrl Alt Delete: CFPB says Mortgage Servicers Need Technological Reboot", Published by Burr Consumer Finance Litigation Blog on June 29, 2016


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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