TopMortgage Compliance Update (1)

             July 14, 2011     

                                        FRB: Mortgage Rulemaking 2008 - 2011

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Yesterday, I notified you about the testimony given by witnesses in the hearing held by the Insurance, Housing and Community Opportunity Subcommittee (Committee of Financial Services) held a hearing, entitled "Mortgage Origination: the Impact of Recent Changes on Homeowners And Businesses."

The overall purpose of the hearing was to evaluate recent changes to mortgage origination laws, with particular focus on the impact the new laws and regulations have on consumers and credit availability in the mortgage finance markets.

During the hearing, Sandra Braunstein, the FRB's Director of Division of Consumer and Community Affairs, provided written testimony containing a table entitled "Summary of Federal Reserve Board Mortgage Rulemakings - 2008 through 2011."

I have removed the table from the written testimony and featured it separately in our Library.

  • Home Ownership and Equity Protection Act (HOEPA): Final Rule
  • Mortgage Disclosure Improvement Act, Part I: Final Rule
  • Mortgage Disclosure Improvement Act, Part II: Interim Final Rule
  • Helping Families Save Their Homes Act - Mortgage Transfer Disclosure: Final Rule
  • Loan Originator Compensation: Final Rule
  • Dodd-Frank Act - Appraisal Independence: Interim Final Rule
  • Dodd-Frank Act - Escrow Account: Final Rule
  • Regulatory Review of Disclosure Rules for Closed-end Mortgages (Phase I)
  • Regulatory Review of Disclosure Rules for Home Equity Lines of Credit (HELOCs) (Phase I)
  • Regulatory Review of Mortgage Disclosure Rules (Phase II)
  • Dodd-Frank Act - Escrow Account Disclosures
  • Dodd-Frank Act - Ability to Repay/Qualified Mortgages
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Summary of Federal Reserve Board Mortgage Rulemakings

2008 through 2011
Statement of Sandra F. Braunstein, Director
Division of Consumer and Community Affairs, Federal Reserve System
Insurance, Housing, and Community Opportunity Subcommittee
(Committee on Financial Services)
July 13, 2011



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This communication is sent to our valued clients and colleagues, who regularly receive our Mortgage Compliance Updates, Compliance Alerts, and Commentaries.

These publications are free to subscribers. Information contained herein is not intended to be and is not a source of legal advice.

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