Video presentations of new mortgage rules can now be viewed on the Consumer Financial Protection Bureau’s YouTube playlist, the bureau announced Wednesday.
The playlist includes a 69 minute overview of new 2013 mortgage rules, which has already garnered more than 300 views, along with shorter individual video presentations of six different rules.
Consumers can watch the videos to learn the ropes about the 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; and the TILA Escrow rule.
“Our goal with these is 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,” the CFPB said.
Written by Alyssa Gerace
