On February 13, 2015, the US Federal Deposit Insurance Corporation announced the release of the third technical assistance video developed to assist bank employees in meeting regulatory requirements. This is the final release in a series of three technical assistance videos which address compliance with certain mortgage rules issued by the US Consumer Financial Protection Bureau. The first video, released on November 19, 2014, covered the Ability to Repay and Qualified Mortgage Rule. The second video, released on January 27, 2015, covered the Loan Officer Compensation Rule. The third video covers the Mortgage Servicing Rules.
The third video is available at: https://www.fdic.gov/regulations/resources/director/technical/servicing.html and all of the FDIC's technical assistance videos are available at: https://fdic.gov/regulations/resources/director/video.html.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
