Mortgage and Home Equity
Mortgage and home equity products have received increased regulatory and legislative scrutiny over the past few years. Historically, CBA has focused on home equity as a major retail product of our members. However, the Dodd-Frank Act’s elimination of federal preemption standards previously afforded to operational subsidiaries has forced many depository institutions to internalize their primary mortgage products, making them a more traditional retail issue. CBA is focused primarily on the efforts of the CFPB to regulate in this space, including TILA-RESPA reform, Qualified Mortgage (QM) rulemaking, and Dodd-Frank Title 14 rulemaking.
- October 20, 2020Recently there has been a shift in the first mortgage market – lenders are holding more mortgage loans on the books. This trend, mainly driven by the current rate environment, has lenders seeking more cost-effective options for valuation of residential property loans. This whitepaper outlines the benefit of hybrid appraisals (also known as bifurcated appraisals) for first mortgage transactions...October 6, 2020 - 2:00PMPastJuly 14, 2020 - 2:00PMPastJune 23, 2020What if you could cut the time it takes to complete a property valuation down to only 2-3 days? What if you could lower the cost of obtaining a valuation by an estimated 70% per transaction? Using a reliable Automated Valuation Model (AVM) workflow, you can. In this white paper, you’ll learn: The basics of how other lenders are using AVMs Advances in AVM technology The 4 pillars of compliance...April 1, 2020 - 2:00PMPastFebruary 27, 2020 - 1:00PMPast
Pages
CBA Letter to Senate Banking for CFPB Semi Annual Hearing