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  • Franklin Loan Corp, a southern California lender, was fined $730,000 by the CFPB for violating the LO Compensation Rule. Click here to read the fu (posted: Tuesday Nov 18, 2014)
  • CFPB Finalizes Minor Changes to Mortgage Rules to Ensure Access to Credit. For more information click here.

    (posted: Wednesday Oct 22, 2014)
  • MCA and MetaSource will be exhibiting at the MBA Expo in Las Vegas, booth #925. For more info click here. (posted: Friday Oct 17, 2014)
  • MCA offers a free webinar on October 17, outlining the new 2014 and existing MERS QC requirements. Click here to register for the webinar. (posted: Tuesday Oct 7, 2014)
  • Fannie Mae has released a QC Vendor Management Sample Documents Tool to help lenders be compliant with the Fannie rule that you must audit 10% of your QC vendors audits. It can be found on the Fannie Mae Loan Quality page under Other (posted: Tuesday Oct 7, 2014)
  • Aug. 8 - MetaSource announced today that it has acquired Mortgage Compliance Advisors (MCA).  View official press release here. (posted: Friday Aug 8, 2014)
  • Jul. 24 - We've got some great events on the calendar for the upcoming months. Stay tuned for MCA webinar dates! (posted: Thursday Jul 24, 2014)
  • Jun. 17 - Read this month's newsletter edition for the latest in compliance news and updates. Read Here (posted: Tuesday Jun 17, 2014)
  • Jun. 13 - Looking for mortgage compliance news and updates? We've got you covered - check out our News & Resources page here. (posted: Friday Jun 13, 2014)
  • May 15 - Download a copy of our recent webinar presentation here! (posted: Thursday May 15, 2014)

 

Resources

Click on the links below to quickly jump to the information you need.

MCA Newsletters | HUD/FHA | Fannie Mae | Freddie Mac | VA | CFPB |

 

Presentation Materials

MCA Webinars

View 2014 MCA Webinars

View 2013 MCA Webinars

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Newsletters: MCA Monthly Compliance Update

Our free monthly newsletter, the MCA Monthly Compliance Update, includes compliance updates and notifications of upcoming webinars.

2014 Newsletters -

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HUD/FHA

HUD Mortgagee Letters http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm

2014 Mortgagee Letters

Mortgagee Letter 2014-20: Section 232 Program – Implementation of Pay.gov for Program Fees

  • The purpose of this Mortgagee Letter is to announce the implementation of a change in the collection process for Section 232 Program fees for all Section 232 insured projects. Section 232 mortgage insurance is available on mortgages that finance residential healthcare facilities, such as nursing homes, assisted living facilities and board and care facilities.

Mortgagee Letter 2014-19: New Single Family Loan Servicing Contractor

  • To introduce HUD’s new loan servicing contractor, Novad Management Consulting, and provide the contractor’s mailing address and contact information.

Mortgagee Letter 2014-18: Revisions to Large Loan Risk Mitigation Policies

  • This Mortgagee Letter supersedes HUD’s underwriting standards for large multifamily loans (Mortgagee Letter 2011-40 and Mortgagee Letter 2014-04), above $25 million and/or which support projects exceeding unit thresholds.

Mortgagee Letter 2014-17: Extension of of Temporary Approval Provisions for the FHA Condominium Project Approval Process

  • This Mortgagee Letter (ML) announces an extension of the temporary condominium project approval guidelines issued in ML 2012-18 to allow time for completion of the condominium rulemaking process.

Mortgagee Letter 2014-16: Electronic Retention of Foreclosure-Related Documentation

  • HUD provides guidance on the retention of foreclosure-related documents (stored electronically) in servicing files; extends the retention period to at least seven years after the life of an FHA-insured mortgage.

Mortgagee Letter 2014-15: Updated Requirements for Pre-Foreclosure Sales (PFS) and Deeds in Lieu (DIL) of Foreclosure

  • HUD sets forth policies on Pre-Foreclosure Sales and Deed in Lieu transactions.

Mortgagee Letter 2014-14: Annual Base City High Cost Percentage and High Cost Area Revisions for 2014

  • HUD provides revisions for 2014 Annual Base City High Cost Percentage and High Cost Area.

Mortgagee Letter 2014-13: Voluntary Termination of FHA Mortgage Insurance

  • HUD requires mortgagees requesting voluntary termination of FHA mortgage insurance to obtain a signed Borrower’s Consent to Voluntary Termination of FHA Mortgage Insurance from each borrower on the mortgage.

Mortgagee Letter 2014-12: Home Equity Conversion Mortgage (HECM) Program: New Principal Limit Factors

  • HUD announces new HECM Principal Limit Factors.

Mortgagee Letter 2014-11: Home Equity Conversion Mortgage (HECM) Program: Limit on Insurability of Fixed Interest Rate Products under the HECM Program 

  • HUD uses the authority granted in Sections 202(a) and 255(c) of the National Housing Act and in the Reverse Mortgage Stabilization Act of 2013 to amend FHA’s HECM program to mortgages with the Single Disbursement Lump Sum payment option.

Mortgagee Letter 2014-10: Home Equity Conversion Mortgage (HECM) Program – Prohibition on Misleading or Deceptive Program Descriptions or Advertising and Prohibition on Restriction of Mortgagor’s Freedom of Choice

  • HUD reminds mortgagees of the full extent of mortgagor choice in the HECM and prohibits the restriction of such choice.

Mortgagee Letter 2014-09: Annual Recertification and Post-Approval Updates

  • HUD informs lenders about changes to FHA’s systems that alter the way lenders execute post-approval updates and complete FHA’s annual recertification process.

Mortgagee Letter 2014-08: Guidance on Nonprofits Assisting Government Entities in Providing Secondary Financing in Conjunction with FHA-Insured Mortgages

  • HUD clarifies whether nonprofit organizations assisting with a government’s entity secondary financing program require HUD approval and placement on the Nonprofit Organization Roster.

Mortgagee Letter 2014-07: Home Equity Conversion Mortgage Program: Non-Borrowing Spouse

  • HUD uses the authority granted in the Reverse Mortgage Stabilization Act of 2013 to amend the FHA’s HECM program regulations and requirements concerning due and payable status where there is a Non-Borrowing Spouse at the time of the loan closing.

Mortgagee Letter 2014-06: Portfolio and Master Lease Guidance

  • HUD addresses and implements policies regarding portfolio applications and master leases (as they relate to the Section 232 Program).

Mortgagee Letter 2014-05: Standardized Multifamily FHA Mortgage Insurance Applications

  • HUD updates the Lender application submission templates for mortgage insurance under the FHA’s multifamily housing program.

Mortgagee Letter 2014-04: Revisions To Large Loan Risk Mitigation Policies

  • HUD updates underwriting standards for large multifamily loans.

Mortgagee Letter 2014-03: Electronic Signatures

  • FHA will accept electronic signatures on documents requiring for mortgage insurance, servicing and loss mitigation, and insurance claim documentation.

Mortgagee Letter 2014-02: Revised Manual Underwriting Requirements

  • This ML provides policy guidance for revised manual underwriting requirements.

Mortgagee Letter 2014-01: “Save Your Home: Tips To Avoid Foreclosure” – Brochure For Delinquent Mortgagors

  • Notifies mortgagees that HUD-PA-426, “How To Avoid Foreclosure”, brochure has been replaced.

View 2013 Mortgagee Letters

View 2012 Mortgagee Letters

View 2011 Mortgagee Letters

HUD Housing Handbooks

HUD Forms

RESPA information, FAQs, etc.

FHA Connection

HUD Press Releases

Neighborhood Watch: Early Warning System (Check your compare ratio of defaults, etc.)

HUD Webcast Schedule

FHA Final Rule regarding strengthening risk management

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Fannie Mae

Lender Announcement and Letters www.fanniemae.com

2014 Lender Letters and Selling Guide Updates

Announcement SEL-2014-13: Selling Guide Updates

Announcement SEL-2014-12: Selling Guide Updates

Announcement SEL-2014-11: Selling Guide Updates

Lender Letter LL-2014-04: Fannie Mae Quality Control Related to the HOEPA

  • The Selling Guide states that a mortgage loan that is subject to the Home Ownership and Equity Protection Act of 1994 (HOEPA), as described in Section 32 of Regulation Z, is not eligible for delivery to Fannie Mae.

Announcement SEL-2014-10: Selling Guide Updates

Announcement SEL-2014-09: Anti-Money Laundering Requirements

  • Pursuant to the Financial Crimes Enforcement Network’s (FinCEN) Final Rule effective April 28, 2014, Fannie Mae is defined as a “financial institution” under the Bank Secrecy Act (BSA). As a result, Fannie Mae must implement a formal anti-money laundering (AML) program, and begin filing Suspicious Activity Reports (SARs) with FinCEN, by August 25, 2014.

Announcement SEL-2014-08: Fannie Mae Announces Approved Mortgage Insurance Forms

  • Under the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have worked with approved mortgage insurers to update their master primary policies and related endorsements and other forms (Forms). Most Forms had not been updated in approximately 20 years.

Announcement SEL-2014-07: Selling Guide Updates

Announcement SEL-2014-06: Selling Guide Updates

Announcement SEL-2014-05: Lender Selling Representations and Warranties Famework Updates

  • With this Announcement, Fannie Mae, jointly with Freddie Mac and at the direction of the Federal Housing Finance Agency, is announcing a number of significant enhancements to the selling representations and warranties framework introduced in Announcement SEL – 2012 – 08.

Announcement SEL-2014-04: Unemployement Benefits Eligiblity for DU Refi Plus and Refi Plus Loans

  • As a result of lender inquiries and after consultation with the Federal Housing Finance Agency, Fannie Mae is updating its policy requirements relating to the treatment of unemployment benefits for DU Refi Plus and Refi Plus mortgage loans

Announcement SEL-2014-03: Selling Guide Update

Lender Letter LL-2014-03: City of Chicago Vacant Property Ordinance Update

  • Fannie Mae updates guidance regarding the treatment of vacant properties in the city of Chicago.

Lender Letter LL-2014-02: Property and Appraisal Requirements for Properties Located in Small Towns and Rural Areas

  • This Lender Letter is being issued in response to a Federal Housing Finance Agency directive to Fannie Mae to provide a number of clarifications regarding property and appraisal requirements for properties in small towns and rural areas.

Announcement SEL-2014-02: Priority of Common Expense Assessments

  • Fannie Mae is revising its policy concerning priority of common expense assessments for mortgages secured by units in condo and planned unit development (PUD) projects to permit no more than six months of regular
    common expense assessments to have priority over Fannie Mae’s mortgage lien.

Lender Letter LL-2014-01: Updates to Fannie Mae-Approved Mortgage Insurers

  • Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company and its affiliates by Arch U.S. MI holdings, Inc.

2014 Servicing Guide Announcements

Servicing Notice: Standard Modification Rate Adjustment

Announcement SVC-2014-19: Updates to Property (Hazard) and Flood Insurance Losses and Insurance Claim Settlements

Announcement SVC-2014-18: Miscellaneous Servicing Policy Updates

  • Policy updates regarding execution of legal documents, loan modification agreements, and assumption agreements.
  • Updated document preparation requirements for Mortgage Releases.

Servicing Notice: Standard Modification Rate Adjustment

Announcement SVC-2014-17: Miscellaneous Servicing Policy Updates

  • Clarification of streamlined modifications and modification eligibility.
  • Policy for conduct of foreclosure proceedings and delinquency status code definitions.

Announcement SVC-2014-16: Miscellaneous Servicing Policy Updates

Servicing Notice: Preview Version of 2014 Fannie Mae Servicing Guide

  • Redesigned Servicing Guide is presented in a way that assumes users will access it electronically.

Announcement SVC-2014-15: Updates to Project Insurance

  • Fannie Mae updates project insurance requirements for PUDs, condos, and co-ops.

Servicing Notice: Requirements Pertaining to Adverse Action Notices

Servicing Notice: Adjustment to Modification Interest Rate and Updates to Fannie Mae Forms

  • Fannie Mae discusses the upcoming modification interest rate adjustment as well as updates to several Fannie Mae forms.

Announcement SVC-2014-14: Miscellaneous Servicing Policy Updates

  • Fannie Mae clarifies policy updates for documenting military indulgence relief requests, submitting financial statements and reports, and more.

Announcement SVC-2014-13: Alternative to Repurchase for Mortgage Insurance Rescission

  • Fannie Mae announces enhancements to its selling representations and warranties framework in Announcement SEL-2014-05.

Announcement SVC-2014-12: Neighborhood Stabilization Initiative – MyCity Modification for Detroit, Michigan

  • Fannie Mae introduces a new loan modification program for Detroit, Michigan – MyCity Modification – as part of the Neighborhood Stabilization Initiative recently announced by the FHFA. The program’s purpose is to help neighborhoods recover from the housing crisis and to assist struggling homeowners.

Announcement SVC-2014-11: Servicer Compliance with Anti-Money Laundering Provisions of the Bank Secrecy Act

  • Pursuant to FinCEN’s Final Rule (effective April 28, 2014), Fannie Mae must implement a formal anti-money laundering (AML) program and begin filing Suspicious Activity Reports (SARs) with FinCEN by August 25, 2014. Fannie Mae now requires servicers to adhere to the following: be in compliance with all applicable provisions of the BSA and its implementing regulations, report all instances of non-compliance; develop internal policies and controls to identify suspicious activities that may involve money laundering, fraud, terrorist financing, or other financial crimes.

Announcement SVC-2014-10: Updates to Fannie Mae Unemployment Forbearance 

  • Fannie Mae allows servicers to approve borrowers for the Fannie Mae Unemployment Forbearance program, as well as for Unemployment extensions (provided that specific requirements are met).

Announcement SVC-2014-09: Updates to Short Sale and Mortgage Release 

  • In conjunction with FHLMC and FHFA, Fannie Mae announces short sale and mortgage release policy updates and clarifications.

Announcement RVS-2014-01: Reverse Mortgage Loan Servicing Manual

  • Fannie Mae announces the publication of the 2014 Reverse Mortgage Loan Servicing Manual (Reverse Manual).

Announcement SVC-2014-08: Miscellaneous Servicing Policy Updates

  • Fannie Mae administers several updates for its servicing policies which include calculating the repurchase price on negative amortization loans, stay of foreclosure and other legal proceedings, and more.

Announcement SVC-2014-07: Delinquency Management and Default Prevention

  • Fannie Mae updates several delinquency management and default prevention servicing policies.

Announcement SVC-2014-06: Lender-Placed Insurance Compliance Certification

  • Fannie Mae updates guidance for submitting lender-placed insurance certification to Fannie Mae.

Announcement SVC-2014-05: Fannie Mae Standard Modification and Streamlined Modification Updates

  • Fannie Mae updates the modification terms for mortgage loan with pre-modified mark-to-market LTV ratios less than 80%.

Servicing Notice: Updates to Allowable Attorney Foreclosure Fees

  • The Allowable Attorney and Trustee Foreclosure Fees exhibit on Fannie Mae’s website is updated to reflect changes in the maximum allowable foreclosure attorney fees for properties in the state of New York.

Servicing Notice: Late or Inaccurate Mortgage Loan Reporting

  • Effective May 1, 2014, Fannie Mae will begin issuing warning letters and assessing compensatory fees for late and inaccurate reporting.

Announcement SVC-2014-04: Miscellaneous Servicing Policy Updates

  • Fannie Mae clarifies and updates policies regarding individual mortgage loan files, servicing quality control reviews, final requests for reimbursement, attorney expenses, and transfer of variances and waivers.

Servicing Notice: Fannie Mae Standard Modification Rate Adjustment Frequency

  • Fannie Mae reviews the Standard Modification Interest Rate and may adjust it based on market conditions.

Announcement SVC-2014-03: Servicer Incentive Updates

  • This announcement  updates servicer incentive fees for repayment plans, short sales, and mortgage releases.

Announcement SVC-2014-02: Miscellaneous Servicing Policy Changes

  • This announcement updates servicing policy on handling overcharges for special ARMs, accepting bankruptcy schedules of assets and liabilities in a Borrower Response Package, and more.

Announcement SVC-2014-01: Mortgage Loan Modification Payment Change Notification

  • Fannie Mae updates requirements for borrower notification of the interest rate adjustment for a mortgage loan that has been modified and is subject to interest rate adjustments, including Fannie Mae HAMP modifications.

Servicing Notice: Property Valuation

  • Servicers are reminded for loan modifications that they must obtain a property valuation using Fannie Mae’s Automated Property Service (APS for NPV), Freddie Mac’s Automated Valuation Model (AVM), or a third-party AVM.

View 2013 Fannie Mae Lender Letters and Announcements

View 2012 Fannie Mae Lender Letters and Announcements

View 2011 Fannie Mae Lender Letters and Announcements

Fannie Mae Selling Guide

Fannie Mae Selling & Servicing Guide Forms

Form 4506-T Lender Tips

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Freddie Mac

Freddie Mac Single-Family Seller/Servicer Guide Bulletins and Industry Letters

2014 Letters and Notices

Bulletin 2014-18: Selling

  • Updates mortgage eligibility and credit underwriting requirements for Home Possible Mortgages, Higher-Priced Covered Transactions (HPCTs), and Higher-Priced Mortgage Loans (HPMLs).
  • Revises property eligibility requirements for condominiums and updates certain property and appraisal requirements.

Bulletin 2014-17: Servicing

  • Freddie Mac updates its servicing requirements regarding streamlined modification eligibility requirements, Loan modification eligibility exclusion expense offset that result in receivables to Freddie Mac.

Bulletin 2014-16: Servicing

  • Freddie Mac updates its servicing requirements regarding alternative to foreclosure and alternatives to foreclosure.

Bulletin 2014-15: Selling and Servicing Updates

Bulletin 2014-14: Servicing

  • Freddie Mac updates its servicing requirements regarding alternative to foreclosure, amendment of mortgage modification signature, transfer of ownership and assumption, and more.

Bulletin 2014-13: Private Mortgage Insurance Master Policy Updates

  • Freddie Mac announces the effective date and requirements for the new private mortgage insurance policies announced in the FHFA press release on December 2, 2013.

Bulletin 2014-12: Selling and Servicing

  • Freddie Mac updates and revises its selling and servicing requirements regarding MERS requirements, fraud training and reporting, verification of large deposits, and more.

Bulletin 2014-11: Freddie Mac MyCity Modification

  • Freddie Mac introduces its MyCity Modification, a temporary offering designed specifically to assist eligible Borrowers whose mortgage premises are located in the city of Detroit, Michigan.

Bulletin 2014-10: Servicing

  • Freddie Mac updates and revises its servicing requirements, which includes requirements for Freddie Mac Standard Short Sales and Standard Deeds-In-Lieu of Foreclosure, and more.

Bulletin 2014-9: Servicing

  • Freddie Mac updates and revises its servicing requirements, which includes foreclosure requirements, expense reimbursement requirements, and more.

Bulletin 2014-8: Selling Representation and Warranty Framework Updates

  • Freddie Mac makes several significant enhancements to the selling representation and warranty framework introduced in 2012.  Changes include how a mortgage becomes eligible for relief, and more.

Bulletin 2014-7: Chicago, Illinois Vacant Property Ordinance Updates

  • Freddie Mac implements new updates regarding the treatment of vacant properties in Chicago, Illinois.

Bulletin 2014-6: Selling and Servicing

  • Freddie Mac updates its selling and servicing requirements to add specificity regarding Document Custodian functions, new guide-related enhancements reminding Sellers/Servicers of existing resources for Freddie Mac news, and more.

Bulletin 2014-5: Properties Located In Rural Market Areas

  • This Bulletin has been issued in response to a Federal Housing Finance Agency directive to Freddie Mac to provide certain clarifications and guidance regarding property and appraisal requirements for properties located in rural market areas.

Bulletin 2014-4: Modifications

  • This Bulletin announces revisions to its modification requirements, includes changes to processing requirements and more.

Bulletin 2014-3: Servicing

  • Freddie Mac updates and revises its Servicing requirements.

Bulletin 2014-2: Selling and Servicing

  • Freddie Mac announces update to Guide Form 16SF, Annual Eligibility Certification Report, to enhance its usability and provide additional functionality.  Also, this Bulletin revises its requirements for reimbursement of condominium, HOA and Planned Unit Development (PUD) assessments.

Bulletin 2014-1: Servicing

  • Freddie Mac updates and revises its Servicing requirements including step-rate mortgages, foreclosures, third-party use of Workout Prospector and BPOdirect, and Electronic Default Reporting Requirements.

View 2013 Freddie Mac Bulletins and Industry Letters

View 2012 Freddie Mac Bulletins and Industry Letters

View 2011 Freddie Mac Bulletins and Industry Letters

Freddie Mac Resources for Sellers/Services (including news and Seller/Servicer Guide)

Freddie Mac Forms and Electronic Documents

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VA (Department of Veterans Affairs)

2014 Letters and Notices

Circular 26-14-34 – October 29, 2014: Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants

Circular 26-14-33 – October 24, 2014: Revised Wood Destroying Insect Information Requirements for New and Proposed Construction Properties

Circular 26-14-32 – October 9, 2014: Centralization of LAPP and SAPP Programs

Circular 26-14-31 – October 6, 2014: Requirement for the Transfer of Properties to VA

Circular 26-14-29 – October 1, 2014: Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser

Circular 26-14-28 – October 1, 2014: Reduction in the Validity Period on the Dept. of VA Affairs Notices of Value of Proposed Construction

Circular 26-14-27 – October 1, 2014: Policy Changes Affecting Value Adjustments and Photographs

Circular 26-14-26 – September 25, 2014: Credit Policy Updates

Circular 26-14-25 – September 5, 2014: Lender and Servicer Compliance with CFPB Requirements for ARM Loans

Circular 26-14-24 – September 5, 2014: Manufactured Home Appraisal Report

Circular 26-14-23 – September 5, 2014: Appraisal of Proposed or Under Construction Properties from Model Homes

Circular 26-14-22 – September 2, 2014: VA Making Home Affordable Programs

Circular 26-14-21 – September 2, 2014: Market Conditions Addendum to VA Appraisal

Circular 26-14-19 – August 1, 2014: Processing Request for Execution of Quitclaim Deeds

Circular 26-14-17 – July 22, 2014: Clarification of Equal Employment Certification Requirements for Home Builders Participating in the NADL Program

Circular 26-11-1 – Change 1 – May 14, 2014: Relocation Assistance for VA Borrowers

  • This circular’s purpose is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to procedure.

Circular 26-09-12 – May 7, 2014: Property Preservation Requirements and Fees 

  • This circular provides clarification on the minimum requirements for VA guaranteed home loans with regard to securing of the property and fees that will be reimbursed by VA for those services in a claim under the loan guaranty.

Circular 26-14-11 – April 30, 2014: Appraisal Management System and Required Mortgage Industry Standards Maintenance Organization XML Appraisal Format

  • Effective June 1, 2014, this circular announces all VA appraisals will be processed in WebLGY under the VA Appraisal Management System (AMS). 

Circular 26-14-10 – May 7, 2014: Policy Clarification on Unallowable Fees

  • This circular clarifies VA policy on the treatment of unallowable fees when lenders charge a loan origination fee that is less than one percent of the loan amount purchase on cash transactions, and less than one percent of the payoff amount on interest rate reduction refinance loans.

Circular 26-14-9 – March 27, 2014: VA Loan Full File Loan Review – File Upload Stacking Order

  • This circular announces the new mandatory stacking order for files selected for VA full file loan review, effective May 1, 2014.

Circular 26-14-8 – March 24, 2014: Repair Inspection Processing Procedures

  • Effective immediately, VA Fee Appraisers may use Freddie Mac Form 442 or Fannie Mae Form 1004D Part B.

Circular 26-14-5 – February 25, 2014: VA Appraisal Requirements on Foreclosed Properties

  • This circular reaffirms VA policy that all properties must meet VA minimum property requirements (MPRs) prior to VA loan guaranty.

Circular 26-14-4 – February 19, 2014: Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems in the State of Hawaii

  • This circular provides clarification of the VA policy for individual properties with rainwater catchment systems that serve as collateral for a VA home loan in the State of Hawaii.

Circular 26-14-3 – February 6, 2014: Contract Assurance Unit Mailing Address

  • The purpose of this circular is to provide the mailing address for the recently formed Contract Assurance Unit.

Circular 26-14-1 – January 9, 2014: Lender Compliance with Consumer Financial Protection Bureau Requirements for Ability To Repay and Qualified Mortgage Rule

  • This circular clarifies lender requirements for home loans guaranteed by the VA under TILA and the CFPB’s ATR and QM Rule.

View 2013 Circulars

View 2012 Circulars

View 2011 Circulars

VA Lender’s Handbook, circulars, etc.

VA Forms

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Consumer Financial Protection Bureau (CFPB)

Main Website

Examination Manuals

CFPB Press Releases

QM/ATR, HOEPA, LO Comp, ECOA Valuations, Servicing

TILA/RESPA Integrated Disclosure Rule

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