Mortgage Rules Readiness Guide - Get to know the new rules of lending

The Consumer Financial Protection Bureau just published its 2013 CFPB Dodd-Frank Mortgage Rules readiness Guide.

This Guide should serve as the basis for banks' / financial institutions' internal compliance system. It includes information concerning the following topics:

1. Ability-to-Repay and Qualified Mortgage Standards (Regulation Z)
2. Escrow Requirements under Truth in Lending Act (Regulation Z)
3. High-Cost Mortgage and Homeownership Counseling (Regulation Z) (Regulation X)
4. Mortgage Servicing Rules (RESPA) (Regulation X) (TILA) (Regulation Z)
5. ECOA Appraisals for Higher-Priced Mortgage Loans (Regulation B)
6. TILA Appraisals for Higher-Priced Mortgage Loans (Regulation Z)
7. Loan Originator Compensation Requirements (Regulation Z)

Get to know these rules as they all become effective in January of 2014. 

NYSAR's Advertising Under the New Regulations - Take the webinar

One of the finest real estate brokerage attorneys in our State, Anthony Gatto, Esq. of NYSAR, presents a free explanation on the new ad regulations that are effective January 2, 2014, which you can watch here.

Its a must watch for licensed real estate agents in New York State. Learn the new regulations by as many sources as possible as they will be enforced and you must be prepared and in compliance.

Lieb School featured in Dan's Papers for Storm Front CE Class

Have you read Dan's Papers Today? Read about our Storm Front class in Southampton On Tuesday night. http://danspapers.com/2013/06/douglas-elliman-offers-free-real-estate-classes/