ComplianceAction Newsletter

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FORGET YOUR PASSWORD?
Editor: Lucy H. Griffin

Board of Advisors:
John S. Byrne, Esq.
Robert P. Chamness
Cliff E. Cook
Phillips G. Gay, Jr.
Barbara Hurst
Richard Insley
Michael D. Maher
Robert G. Rowe, III
Andy Zavoina

Vol. 11, No. 13
November 15, 2006

Executive Editor: Lucy H. Griffin, Esq.

Board of Advisors:
John S. Byrne, Esq. David Battle Robert P. Chamness Phillips G. Gay, Jr.	Barbara Hurst Richard Insley Michael D. Maher Robert G. Rowe, III, Esq. Andy Zavoina

Table of Contents (read Recent Issues)

Non-Traditional Mortgages: Final Guidance (5 Action Steps)
Features that raise the concern of regulators spur the FFEIC's prompt issuance of final guidance on non-traditional mortgages and the Feds proposed disclosures.

Non-Traditional Mortgages & Fair Lending: One and the Same? (3 Action Steps)
Regulators are getting concerned about the safety and soundness of non-traditional mortgages and the harm such mortgages may do to borrowers who cannot afford them.

Action Training: Auditing Escrow Accounts (9 Audit Steps)
An Escrow account is the customer's money and auditing for compliance with RESPA's escrow rules is in your consumer's best interest.

Compliance Notes

Compliance Calendar

In the Editor's Opinion: Disclosures or Consumers?
Protecting consumers from predatory lenders is the main focus of the Feds guidance on non-traditional mortgage lending and the revision of disclosures.

Compliance Q&A