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Mortgage Reform Initiatives

To help compliance professionals keep abreast of developments on the mortgage reform efforts being developed by federal agencies and Congress, the Center for Regulatory Compliance is establishing a new Web Page to track mortgage reform initiatives.  For additional information about subprime, click here.

RECENT NEWS

• ABA Summary of Regulation Z Amendments (7/14/08)
• Fed Adopts New Mortgage-Lending Rules (7/14/08)
• OTS Foreclosure Prevention Proposal (4/1/08)
• ABA: Oppose H.R. 3609 (1/23/08)
• Bair: Mortgage Servicers Not Modifying Subprime Loans Quickly Enough (1/17/08)
• Freddie Mac: ARMs Losing Their Appeal (1/15/08)
• FDIC Publication Addresses Loan Modification (1/10/08)
• SEC Issues Guidance on Modifying Securitized Loans (1/8/08)
• Bush Signs Mortgage Debt Forgiveness Legislation (12/20/07)
• Fed Proposes Tighter Mortgage-Lending Rules 
  • ABA Comment Letter (4/8/08) 
• Dodd Introduces Mortgage Lending Reform Bill (12/12/07)
• House Committee Hearing Discusses Loan Modifications and Foreclosure Prevention, H.R. 3915 (12/7/07)
• Paulson: Agreement Near on Plan to Help Struggling Homeowners (12/3/07)
• HUD's Jackson Urges Policy-makers to Find Solutions to Subprime Mortgage Problem (12/3/07)
• FDIC Addresses Foreclosure Prevention, Clears Misconceptions on Loan Modification Proposal (11/30/07)

LEGISLATIVE

• H.R. 3915, the Mortgage Reform and Anti-predatory Lending Act of 2007
  • Detailed section-by-section analysis
• ABA and ACB Oppose Mortgage-Bankruptcy Bill (10/30/07)

REGULATORY

• ABA, ACB Say No Need to Issue More UDAP Regs (11/6/07)
• ABA and ACB Support Fed's Use of Authority to Address Subprime Lending Abuses (8/15/07)
• OTS Issues Mortgage Banking Exam Guidance (7/31/07)
• Agencies Announce Pilot on Cooperative Oversight of Subprime Lenders (7/17/07)

PRIVATE SECTOR AND NON-PROFIT INITIATIVES

• HOPE NOW – a foreclosure prevention initiative in cooperation with NeighborWorks America
• ABA Foundation Advice on Mortgages

Questions?  Contact the Center for Regulatory Compliance.