Buckley Sandler Issues Second Edition of CFPB Mortgage Origination Rules Deskbook
Buckley Sandler today announced the publication of the second edition of the CFPB Mortgage Origination Rules Deskbook. Produced in partnership with the American Bankers Association, the book is the definitive guide for bank and nonbank mortgage originators navigating the Consumer Financial Protection Bureau’s mortgage origination rules.
The second edition includes updated information on new amendments and guidance, as well as details on the Ability-to-Repay/Qualified Mortgage Rule in relation to fair lending, safety and soundness, and the Community Reinvestment Act; USDA’s definition of Qualified Mortgage; CFPB enforcement actions under the Loan Originator Compensation Rule; and CFPB guidance regarding the TILA-RESPA Integrated Disclosure Rule. In addition, it includes a new chapter addressing the CFPB’s amendments to the HMDA reporting requirements, which are generally scheduled to take effect on January 1, 2018.
Buckley Sandler Partner and former Deputy Assistant Director of the CFPB’s Office of Regulations, Benjamin K. Olson, who was involved in the development of many of the rules covered by the CFPB Deskbook, was one of the book’s authors. “The Deskbook is a unique and invaluable tool for understanding the layers and nuances of the Bureau’s mortgage origination rules,” said Olson. “It looks beyond the text of the regulations and official interpretations to collect and synthesize all of the extant regulatory materials.”
The CFPB Mortgage Origination Rules Deskbook is available online at Amazon.