Wolters Kluwer Financial Services | Banking Compliance Solutions

Are you ready for the Oct. 1st 2009 HOEPA, HMDA and High Priced Mortgage Loan compliance changes?

There are multiple mortgage regulatory changes which become effective October 1, 2009. This includes Reg Z changes which impact High-Cost (HOEPA) and High-Priced (HPML) loans and a Reg C change which impacts HMDA reporting.

HOEPA rules prohibit specific acts and practices in mortgage lending. Previously Reg Z specified limitations and disclosure requirements for certain high-cost closed-end mortgage loans (Section 32 loans - HOEPA). The new rule adds a new class of limitations and requirements of higher-priced closed-end mortgage loans (Section 35 loans – HPML) and places limitations on those loans.

The Reg C changes impose new data collection requirements, comparison rates, and thresholds for reportable rate spreads.

The webinar will help you:

  • Understand new restrictions specific to Section 32 (High Cost) mortgage loans
  • Understand criteria for determination of and requirements specific to Section 35 (Higher Priced) mortgage loans
  • Understand changes required for reporting the rate spread for HMDA data

Register below for our “Are you ready for the Oct. 1st 2009 HOEPA, HMDA and High Priced Mortgage Loan compliance changes?” webinar. Cost is $269, unlimited views will be granted for 30 days. Test your system before purchase.

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