Please join Alan S. Wolf who will be discussing some new CFPB changes in the following session:
Meeting New Requirements Governing Monthly Mortgage Statements & Rate Adjustments
Thursday, November 21, 2013 from 12:10pm-1:00pm
This panel will discuss:
- What information must these monthly statements include?
- When and under what circumstances may a servicer provide a coupon book in lieu of monthly statements?
- What additional information must be included in the statement of a delinquent borrower? At what point does the delinquent borrower become entitled to this additional information?
- Servicers to provide “early warning” before borrower interest rate adjusts
- How far in advance must a servicer issue warning of a first time interest rate adjustment?
- What information must this warning/disclosure contain?
- When must a servicer provide notice that a rate adjustment has caused payment to change?
For more information or to register for this event, please visit the American Conference Institute’s Bank & Non-Bank Forum on Mortgage Servicing Compliance.