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    CFBP releases videos explaining the 2013
    The CFPB posted an announcement to their website today. Statement by CFPB Direc
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    CFPB Video Overview of 2013 New Mortgage Rules

    CFBP releases videos explaining the 2013 New Mortgage Rules.

    On May 15, 2013, the Consumer Financial Protection Bureau (CFPB) released videosĀ to provide an overview of the rules in a plain language format that makes the content more accessible and consumable for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff.

    Compiled Overview of the 2013 new mortgage rules

    Ability-to-Repay and Qualified Mortgage Rule

    2013 HOEPA Rule

    ECOA Valuations and TILA Higher-Priced Mortgage Loans Appraisal Rules

    Loan Originator Compensation Rule

    Mortgage Servicing Rules

    TILA Escrow Rule

    You can choose to watch the rule overview videos in different ways: you canĀ watch the single overview of all of the rules, which will last just over an hour, or you can watch overview videos for the individual rules separately. You can find those individual rule videos on each of the CFPB mortgage rule web pages or through the links to the videos above.

    Although the videos and guides give an overview of the rules, they are not a substitute for the underlying rules.

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