Quick Links:

MMLA Working Group Call Subscription - for MMLA members only - join monthly calls to discuss current regulations and trends

CMB Program - Take your career to the next level by achieving your Certified Mortgage Bankers accreditation.  

NMLS Con-Ed Courses through MSource Training & Consulting - our Educational Industry Partner



WELCOME to the MMLA's e-Learning Center!  

This page is designed to be your one-stop resource for educational needs for the Mortgage Lending Industry!  Why search multiple websites when you can find all newsworthy events here in one place!  Check this page often for latest industry news regarding changes that will affect the way you take and process mortgages.   We will post notices from the various agencies, noteworthy articles, and helpful tools as provided by our members. 

Remember that the MMLA provides its members live seminars, webinars as well as breakfast and luncheon events on relevant subjects from time to time. Check the online calendar listing for information on upcoming events.    


E-Listings/Notices/Announcements
Click on the links below for the latest published notices:

MMLA VIRTUAL EDUCATION SERIES OF WEBINARS  - Members can access free recordings here.


Supreme Court declares CFPB unconstitutional!  The Supreme Court has held that the Consumer Financial Protection Bureau’s (CFPB) single-director, for-cause removal structure is unconstitutional because it violates the separation of powers.  However, the court found that the structure can be saved by striking out the for-cause termination provision.   View the complete announcement here. 

MBA Statement on the Supreme Court Ruling in Seila v. CFPB

To review the full ruling, click here.

CFPB Takes steps to address GSE Patch
MBA Statement on CFPB’s Proposed Changes to the QM Rule and Extension of the GSE Patch   
  To read the NPRM on the General QM loan definition, click here: files.consumerfinance.gov/f/documents/....
  To read the NPRM on the proposed extension of the QM Patch, click here: files.consumerfinance.gov/f/documents/....
CFPB ISSUES INTERPRETIVE RULE ON METHOD FOR DETERMINING UNDERSERVED AREAS

  The list of rural and underserved counties, using the HMDA data described in the interpretive rule, can be found on the Bureau's website at https://www.consumerfinance.gov/policy-compliance/guidance/mortgage-resources/rural-and-underserved-counties-list/
   The interpretive rule can be found here: files.consumerfinance.gov/f/documents/....

CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships

   Click here to learn about mortgage and housing assistance during the pandemic: https://www.cfpb.gov/housing
   Click here to read the IFR: files.consumerfinance.gov/f/documents/...


CFPB AND STATE regulators PROVIDE ADDITIONAL GUIDANCE TO ASSIST BORROWERS IMPACTED BY THE COVID-19 PANDEMIC

 

The President signs the PPP Flexibility Act into law

 

 

CFPB, FHFA, & HUD LAUNCH JOINT MORTGAGE AND HOUSING ASSISTANCE WEBSITE FOR AMERICANS IMPACTED BY COVID-19

The Federal Housing Administration, Veterans Administration and the USDA Rural Housing Service jointly released this Fact Sheet on CARES Act forbearances for servicers.

Bloomberg article: Dirt-Cheap U.S. Mortgages Thwarted by $5 Billion in Margin Calls

Compliance InsidersWhat you should know about the LIBOR to SOFR transition - with Melissa Kozicki

UPDATE - URLA postponed - AGAIN


Disclaimer:  Please note that resouces posted on this page is provided for informational use only and should not be considers legal advice.  We encourage you to consult with your company's professionals for their advice.

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