The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010. The law's far reaching impact will take years to understand, but as mortgage professionals we do know that Title IX (Risk Retention); Title X (The Bureau of Consumer Financial Protection) and Title XIV, Subtitles A, B, C and F will have a dramatic effect on consumers and the mortgage industry. This section of the website will provide information on the act and activities around its implementation.  

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010. The law's far reaching impact will take years to understand, but as mortgage professionals we do know that Title IX (Risk Retention); Title X (The Bureau of Consumer Financial Protection) and Title XIV, Subtitles A, B, C and F will have a dramatic effect on consumers and the mortgage industry. This section of the website will provide information on the act and activities around its implementation.  

Full text of the 848 page, single-space Dodd-Frank Mortgage Reform and Predatory Lending Bill - click here  

Subscribers - Your copy of the Paginated Table of Contents for the Dodd Frank Bill is available - here

How does the Dodd-Frank bill harm consumer? Click here for a 2-page assessment. Share it with your Congressional representatives.    

2) Title X - The Bureau of Consumer Financial Protection deserves your attention. IMMAAG has reduced the 430 pages of Title X to 12 pages. We have also added editorial comments. 

Click here to read a 12 page summary.

IMMAAG has also produced a 7 ½ page summary of Title XIV, the Mortgage Reform and Predatory Lending Act. It highlights areas related to Compensation, Ability To Repay, the Points and Fees definitions and HVCC.

Register Users and Subscribers - Click here to access the 7 1/2 page IMMAAG Summary. 

We are alproviding providing easy access to the full text of those sections that directly affect our registered users: 

Title IX,   Subtitle D, Risk retention - click here
Title XIV, Subtitle A, Prohibitions on Steering Incentives - click here
Title XIV, Subtitle B, Ability to Repay - click here 
Title XIV, Subtitle C, High Cost Mortgages - click here
Title XIV, Subtitle F, Property Appraisal Requirements- click here

We also access to each title of the full bill available by clicking here

CHECK OUT IMMAAG'S CLARIFCATION OF COMPENSATION MISCONCEPTIONS!

Dodd-Frank and much of the new regulatory change are based on misunderstanding. IMMAAG's YSP Position statement provides the facts to overcome those misconceptions. We suggest your print it, copy it and offer it to your Congressional staff at the state and national level every chance you get. Whenever the opportunity arises explain that it corrects some basic misunderstandings about compensation and offers an alternative solution that what is in Title XIV that will actually help both consumers and the industry. 

A copy of the IMMAAG YSP Position Statement - Click Here

How does the Dodd-Frank bill harm consumer? Click here for a 2-page assessment. Share it with your Congressional representatives.    

2) Title X - The Bureau of Consumer Financial Protection deserves your attention. IMMAAG has reduced the 430 pages of Title X to 12 pages. We have also added editorial comments. 

Click here to read a 12 page summary.

IMMAAG has also produced a 7 ½ page summary of Title XIV, the Mortgage Reform and Predatory Lending Act. It highlights areas related to Compensation, Ability To Repay, the Points and Fees definitions and HVCC.

Register Users and Subscribers - Click here to access the 7 1/2 page IMMAAG Summary. 

We are alproviding providing easy access to the full text of those sections that directly affect our registered users: 

Title IX,   Subtitle D, Risk retention - click here
Title XIV, Subtitle A, Prohibitions on Steering Incentives - click here
Title XIV, Subtitle B, Ability to Repay - click here 
Title XIV, Subtitle C, High Cost Mortgages - click here
Title XIV, Subtitle F, Property Appraisal Requirements- click here

We also access to each title of the full bill available by clicking here

CHECK OUT IMMAAG'S CLARIFCATION OF COMPENSATION MISCONCEPTIONS!

Dodd-Frank and much of the new regulatory change are based on misunderstanding. IMMAAG's YSP Position statement provides the facts to overcome those misconceptions. We suggest your print it, copy it and offer it to your Congressional staff at the state and national level every chance you get. Whenever the opportunity arises explain that it corrects some basic misunderstandings about compensation and offers an alternative solution that what is in Title XIV that will actually help both consumers and the industry. 

A copy of the IMMAAG YSP Position Statement - Click Here