Mortgage Lending
Summary
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Loan Origination, Preemption, and Litigation
Keep Current on Dramatic Changes Concerning Mortgage Lending and Federal Preemption.
Many New Requirements effective January, 2014.
- New underwriting standards and the ability-to-repay requirement
- New restrictions on loan steering
- Limits on flipping and new requirements on appraisers
- Restrictions on mortgage broker practices and compensation
- Third party charges, including title insurance, private mortgage insurance, and attorney fees
- Application of federal and state laws to interest rates, balloon payments, prepayment penalties, negative amortization, and other loan terms
- Extent of federal preemption of state laws and new standards for National Bank Act preemption
Highly Practical; Invaluable Litigation Tips
- Gathering the key documents and how to analyze them
- Survey of all applicable federal and state laws
- Third party liability and ten limits on the holder-in-due-course defense
- Restrictions on arbitration in mortgage litigation
- Special litigation requirements where suing failed banks
Download the Print Edition’s TOC
Praise
"The NCLC treatises are like having an expert by your side." — Scott D. Owens, Esq., Law Offices of Scott D. Owens, Hallandale, FL
"The NCLC manuals really are a godsend to so, so many of us out here. Rarely, if ever, have I had a consumer law question that was not addressed in the manuals." — Kirsten Keefe, Senior Staff Attorney, Empire Justice Center, Albany, NY