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Navigating and Using Dodd-Frank
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The Dodd-Frank Wall Street Reform and Consumer Protection Act - JULY 21, 2010  

Text of the final 848 page single space version - click here.

Subscribers, get around the bill with your paginated table of contents - click here.

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

2) 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 the 12 page summary.

For those of you who want more to read:

IMMAAG has produced a 7 ½ page summary of the 206 pages of Title XIV, the Mortgage Reform and Predatory Lending Act. We have highlighted those areas that address 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. 

For those of you who want to read the actual language affecting the mortgage industry most directly, we have excerpted the titles of the bill that most directly affect mortgages and have provided links for our Registered Users below:

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

If you want to select one title at a time we have links to the full text of each title available by clicking here

Dood-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

The Dodd-Frank Wall Street Reform and Consumer Protection Act - JULY 21, 2010  

Text of the final 848 page single space version - click here.

Subscribers, get around the bill with your paginated table of contents - click here.

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

2) 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 the 12 page summary.

For those of you who want more to read:

IMMAAG has produced a 7 ½ page summary of the 206 pages of Title XIV, the Mortgage Reform and Predatory Lending Act. We have highlighted those areas that address 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. 

For those of you who want to read the actual language affecting the mortgage industry most directly, we have excerpted the titles of the bill that most directly affect mortgages and have provided links for our Registered Users below:

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

If you want to select one title at a time we have links to the full text of each title available by clicking here

Dood-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
HR4173 - Title By Title - Links
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  Each of the sixteen titles of the 2,315 page Dodd-Frank Wall Street Reform and Consumer Protection Act is available below:

Tilte I,        Financial Stability                                       
Title II,       Orderly Liqudiation Authority
Title III,      Transfer of Powers -OCC, the Corporation, the Board
Title IV,      Regulation of Hedge Funds
Title V,       Insurance
Title VI,      Improvements to Regulation of Banks
Title VII,     Wall Street Tranparency and Accountability
Title VIII,    Payment Clearing and Settlement
Title IX,     Investor Protections
Title X,      Bureau of Consumer Financial Protection
Title XI,      Federal Reserve System Provisions
Title XII,     Improving Access to Mainstream Financial Institutions
Title XIII,   Pay It Back Act
Titte XIV,  Mortgage Reform and Anti-Predatory Lending Act
Title XV,    Miscellaneous Provisions
Title XVI,   Financial Crisis Assessment and Fund

 

 

 
TILA Changes Links - July 23, 2009
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HUD Interim Foreclosure Report Released
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In the spirit of "better late than never" March came and went with nary a word from HUD about the two-month tardy foreclosure report mandated in the Housing and Economic Recovery Act of 2008. (HERA)

With absolutely no public notice or fanfare, HUD published deep in its website at http://www.huduser.org/Publications/PDF/int_foreclosure_rpt_congress.pdf the 76 pages responding to the legislative requirement contained in HERA.

After eight months of waiting and with only four months remaining until the FINAL Report was due (not published yet, either) this 76 pages contains a 10 page executive summary and 11 pages of bibliography. Sandwiched between the two are 55 pages divided into 3 sections: 

1.  Trends in Delinquencies and Foreclosures
2.  Literature Review
3.  Plan for the Final Report.

While the statutory mandate called for a study of the root causes, this report is little more than a posting of statistics, a rehash of already public information and a nice history of what changed in the market that may have allowed for increases in foreclosure. 

Without really getting at "root causes" the study provides readers with 10 pages of graphs before it allows about 20 pages discussing symptoms and some drivers. Then the report finishes by telling us its plan for the final report. 

IMMAAG will be offering its subscribers a summary of this report over the next few weeks. In the meantime click here to read the entire report.    

 

In the spirit of "better late than never" March came and went with nary a word from HUD about the two-month tardy foreclosure report mandated in the Housing and Economic Recovery Act of 2008. (HERA)

With absolutely no public notice or fanfare, HUD published deep in its website at http://www.huduser.org/Publications/PDF/int_foreclosure_rpt_congress.pdf the 76 pages responding to the legislative requirement contained in HERA.

After eight months of waiting and with only four months remaining until the FINAL Report was due (not published yet, either) this 76 pages contains a 10 page executive summary and 11 pages of bibliography. Sandwiched between the two are 55 pages divided into 3 sections: 

1.  Trends in Delinquencies and Foreclosures
2.  Literature Review
3.  Plan for the Final Report.

While the statutory mandate called for a study of the root causes, this report is little more than a posting of statistics, a rehash of already public information and a nice history of what changed in the market that may have allowed for increases in foreclosure. 

Without really getting at "root causes" the study provides readers with 10 pages of graphs before it allows about 20 pages discussing symptoms and some drivers. Then the report finishes by telling us its plan for the final report. 

IMMAAG will be offering its subscribers a summary of this report over the next few weeks. In the meantime click here to read the entire report.    

 
 
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