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Federal Foreclosure Laws and Regulations

Course Description

This course looks at federal initiatives aimed at addressing the recent mortgage market crisis. Students will learn about federal efforts to curb harmful practices and create opportunities for struggling homeowners to regain ground and recover from the rampant foreclosures that took place from 2007 to 2011. This course discusses the circumstances that led to the market crisis, reasons behind the record numbers of foreclosures, and initial steps taken by the federal government to help the industry “ and borrowers “ bounce back. Areas covered include the Emergency Economic Recovery Act, HAMP, the MARS Rule, and the CFPB™s Mortgage Servicing Final Rules. Students will learn the background and details of each law and their applicability in today™s rebounding mortgage market.
30 Minutes
Series: Compliance Plus
Roles: Mortgage Professionals, Mortgage Closer, Mortgage Loan Originator, Mortgage Processor, Mortgage Underwriter
Course Format: Online Self-Paced
Package: Mortgage Advantage, Mortgage Complete, Mortgage Edge

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