MPF Policy Updates Related to COVID-19: Are You Perpared? On May 6, 2020 MPF released a policy update and clarifications to previous policies in place during the COVID-19 epidemic. Application dates through June 30, 2020 (previously May 17, 2020) are …
MPF Policy Updates Related to COVID-19: Are You Perpared? Natalie Reifsneider
Fannie Mae & Freddie Mac Requirements – Flexibility & Alternatives For Employment & Income Verifications In the wake of COVID-19 Fannie Mae and Freddie Mac are working in conjunction to offer temporary measures to provide lenders with clarity and flexibility …
Fannie Mae and Freddie Mac published an announcement and appendix on October 23, 2019 regarding updated components of the redesigned Uniform Residential Loan Application (URLA). Currently, deadlines for implementing the URLA and automated underwriting system (AUS) have been extended from …
Extended Deadline for New Uniform Residential Loan Application for MPF Customers Natalie Reifsneider
Robocalling – Will it Affect your Institution? The Federal Communications Commission (FCC) passed a new ruling on June 6, 2019 to allow phone companies to block robocalls. A robocall is a phone call that delivers a pre-recorded message utilizing an …
Natalie Reifsneider Robocalling - Will it Affect your Institution?
CFPB’s Fall 2018 Rulemaking Agenda The CFPB has been busy so far in 2018 and there is no slowing down as the year comes to an end. The following is a listing of items on the CFPB’s Fall 2018 agenda. …
Human trafficking occurs around the world on a daily basis. As a financial institution, you may be wondering how your institution can help those affected and ensure your customers are not victimized. There are two types of human trafficking within …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act passed on May 22, 2018 provided modification to the current Community Bank Leverage Ratio (CBLR). Below …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Natalie Reifsneider
Mortgage Lending Rule Modifications from Passing of Act 2155 Act 2155, Economic Growth, Regulatory Relief and Consumer Protection Act, was passed by the United State House of Representative on May 22, 2018. This Act modifies provisions of the Dodd Frank …
Mortgage Lending Rule Modifications from Passing of Act 2155 Natalie Reifsneider
Passing of Act 2155 Creates Volcker Rule Exemption Prior to the passing of Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act on May 22, 2018 all banks were subject to prohibitions on propriety trading. Proprietary trading is …
Natalie Reifsneider Passing of Act 2155 Creates Volcker Rule Exemption
TRID: Black Hole Amendment The Consumer Financial Protection Bureau (CFPB) finalized an amendment in April 2018 regarding its “Know Before You Owe” rule known as the “black hole.” The “black hole” refers to the conflicting timing requirement for the Loan …