NAFCU Offers Web Cast On Reg Z Amendments

Posted by Orb Staff on August 07, 2009 No Comments
Categories : Residential Mortgage

ink=http://www.nafcu.org.][u]National Association of Federal Credit Unions[/u][/link] (NAFCU) is offering a Web cast on the recent amendments to Regulation Z mortgage requirements. The amendments were put into place by the Mortgage Disclosures Improvements Act (MIDA) and the Home Ownership and Equity Protection Act (HOEPA). In the Web cast, Venable LLP associate Suzanne Garwood will address how HOEPA and MIDA have amended Regulation Z, the timeline for implementations, and how credit reports will be affected by the higher cost of mortgage loans. "Regulation Z is vital to credit unions' mortgage compliance," notes Suzanne Garwood, associate at Venable LLP. "The Federal Reserve Board, along with the Department of Housing and Urban Development, will continue to update TILA and RESPA to ensure that consumers have access to information about mortgage loans that is clear, understandable, meaningful and timely. It is extremely important that credit unions stay abreast of all of these regulatory developments." The NAFCU Web cast will be broadcast live on Aug. 19 from 2:00-3:30 p.m. EDT. The deadline for early-bird registration is Aug. 12. SOURCE: [link=http://www.nafcu.org.]NAFCU

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