Mortgage Rules Resource Page

In January of 2013 the Consumer Financial Protection Bureau (CFPB) issued six final rules that will help govern mortgage lending.  These rules will have far reaching impacts on the mortgage market and shape mortgage lending for many years to come.  ICBA has developed this resource page to help community bankers understand the rules, help answer questions regarding their applicability to their banks, and prepare for implementation.  ICBA will continue to update this page as information and clarification of these rules becomes available.

If you have questions, please email them to info@icba.org.

Download the Community Bank Qualified Mortgage Survey Report

CFPB Video: Overview of all 2013 New Mortgage Rules

• Ability to Repay/Qualified Mortgage Standards
• Appraisals for Higher-Priced Mortgage Loans
• Escrow Requirements for HPML Loans
• High-Cost Mortgages/HOEPA Requirements
• Mortgage Loan Originator Compensation and Qualification Standards
• Mortgage Servicing Requirements (RESPA and TILA)

Ability to Repay/Qualified Mortgage Standards

Final Rule and Concurrent Proposal

• ICBA Summary of Final Rule and Concurrent Proposal
  • ICBA Comment Letter on Proposed Amendments to the Ability to Repay Standards under the Truth in Lending Act (TILA) and Regulation Z
• CFPB Overview of Final Rule and Concurrent Proposal
• CFPB Detailed Summary of Final Rule and Concurrent Proposal
• BuckleySandler LLP Summary of Final Rule and Concurrent Proposal
• Final Rule
• Concurrent Proposal (Additional Community Bank QM Loans)
• CFPB Small Entity Compliance Guide
• CFPB Comparison of Ability-to-Repay Requirements with Qualified Mortgages
• CFPB Video: Ability-to-Repay and Qualified Mortgage Rule
• ICBA Written Statement: Qualified Mortgage Rule Will Jeopardize Access to Credit
• Press Releases
  • ICBA Survey: New Mortgage Rules for Balloon, Rural Lenders Would Limit Access to Credit in Rural Areas
  • ICBA Urges Changes to CFPB Qualified Mortgage Rule
  • ICBA Encouraged by CFPB “Qualified Mortgage” Rule
  • ICBA’s Karen Thomas Testifies at CFPB’s Field Hearing on Mortgage Policy—Comments on New QM Rule
  • Consumer Financial Protection Bureau lays out implementation plan for new mortgage rules
  • Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending