Breakfast With the Bankers and a Side Order of Ability to Repay Over Easy
Last week, the Empire State Mortgage Bankers Association (ESMBA) held a Breakfast Meeting in which ESMBA members and their guests networked and listened to an analysis on how to deal with the Federal Reserve Board (FRB)’s proposed Ability-to-Repay rule. The rule is intended to satisfy Dodd-Frank’s Ability-to-Repay requirements byLender Compliance Group’s President, AGMB’s strategic alliance partner, and featured…
Consumers Digest: Banks’ turnabout on reversing your mortgage
Neil Garfinkel is referred to in a September 2011 article for Consumers Digest, updating consumers about reverse mortgages and their consequences. Neil’s advice in the online post can be read in full by clicking here. © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not guarantee a…
Rushing to Meet Start Date (Loan Originator Compensation Rules)
Neil Garfinkel is referenced in the following story that appears in Origination News and National Mortgage News. “Rushing to Meet Start Date” By Brad Finkelstein Waiting until the last minute to comply with changes to mortgage origination rules and regulations might be a common occurrence. But many firms, both wholesale and retail, seem to be taking longer to…