Understanding the Dodd-Frank Wall Street Reform and Consumer Protection Act Price with shipping in U.S.
The Law, CFPB Activities, Deadlines and Expected Implementation Dates
At 849 pages, the Dodd-Frank Wall Street Reform and Consumer Protection Act required federal regulators to create 243 rules, conduct 67 studies, and issue 22 periodic reports, according to the law firm of Davis Polk. About 100 of the rules will impact the real estate finance industry.
But, nearly two years after President Obama signed the DFA into law, much of the work remains to be done, including still to-be-established rules to determine a borrower’s ability-to-repay and risk-retention requirements for securitizers. In fact, some 67 percent of the 148 deadlines required by June 2012 had not been met, according to Davis Polk.
The DFA essentially addresses every aspect of the mortgage process – from origination to servicing to securitization. It will prohibit or restrict many previously common mortgage lending practices.
Understand the sweeping regulatory reforms—and where the individual pieces are on the road to implementation—with a new edition of Inside Mortgage Finance’s best-selling Guide to the Dodd-Frank Act. This 181-page special report explains all aspects of the DFA that impact the mortgage industry, with major updates on Consumer Financial Protection Bureau activities, the ability to repay/Qualified Mortgage rule, risk retention and Qualified Residential Mortgage, new servicing requirements, loan originator compensation, mortgage disclosures, MBS ratings and the impact the Volcker Rule will have on the mortgage market.
Inside this comprehensive report you’ll find...
+ Safe Harbor, Disparate Impact
+ Examinations of banks and nonbanks
+ Small Business Review Panel
+ Concerns with integrated disclosure
+ The 8 mandatory characteristics of qualified mortgages
+ Increased liability for trustees
+ CFPB’s servicing proposal
+ Current timeline for DFA implementation, and much more
You'll learn more about...
- Qualified Mortgages
- Nonstandard refinances
- Prepayment penalties
- Disparate Impact
- Safe harbor or rebuttable presumption
- The DFA’s LO compensation provisions
- Examinations by the CFPB
- Concerns with integrated disclosures
- Rulemakings not finished by the Fed
- Qualified Residential Mortgage outlook
- Proposed requirements
- GAO risk-retention study
- Tax implications
- Increased liability for trustees
- Due diligence disclosure
- The Volcker Rule
- Replacement for MBS ratings
- Conflicts of interest
And much more in other sections, such as Mortgage Servicing, Lender Oversight and Other Provisions.