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In response to the current lending crisis, the regulators are adopting many requirements – and proposing even more --that affect all mortgage lenders, and not just the subprime market.

Join our interactive audio conference, For All Mortgage Lenders: Dealing with the Current Lending Crisis, as our industry experts discuss how federal regulatory guidance and pending legislation are likely to affect your operations. With the increased regulatory scrutiny focused on all lenders, you can’t afford to miss this important conference!

• The Federal Reserve Board’s sweeping proposed mortgage lending rules and how they may affect all lenders–
• Prohibited unfair, deceptive, or abusive practices for all loans, such as misleading “fixed rate” claims and misleading comparisons between teaser and fully-indexed rates
• Written broker agreements and new consumer broker disclosures for all closed-end mortgages
• New servicing requirements–prompt posting of payments, limits on pyramiding late fees, prompt payoff statements
• Ban on pressuring appraisers
• New credit advertising rules
• “Subprime” rules that may affect some prime loans, including a ban on “no-doc” loans and an escrow “opt-out”
• Exposure to loss of all interest and fees in private lawsuits for some violations
• Senate Banking Committee Chairman Dodd’s “Home Ownership Preservation and Protection Act of 2007”–
• Duty of good faith and fair dealing for all mortgage brokers and lenders
• All mortgage brokers and lenders must make “advantageous” loans to borrowers
• Ban on “steering” to more costly loans
• Limits on servicing fees
• Ban on pressuring appraisers
• Additional restrictions on “nontraditional” loans and all subprime loans, including “net tangible benefit” and “ability to pay” rules and 45% maximum debt-to-income ratio
• Higher penalties including up to $5 million in class actions
• Other developments in this fast-moving field
• And much more!

Plus, 30-minutes after the presentation will be set aside for an interactive Q&A session. Listen in and get the chance to ask your specific questions.

Who Should Attend:

• Chief Credit Officers
• Mortgage Lending Officers
• Compliance Lending Officers
• Compliance Officers
• Everyone involved with ensuring your mortgage lending practices are in compliance with all of the federal laws and regulations

Registration Includes:

• Admittance to a 90-minute calls for as many people as you can fit in a room with a speakerphone
• Access to the specially created presentation handouts (made available 48 hours in advance) which can be printed and used to train all of your front line personnel
• Participation in a live 30-minute Q&A with the speakers following the presentation
• Certificates of completion for all attendees

About Our Speakers

Jonathan D. Jerison

Jonathan D. Jerison provides regulatory, legislative and transactional advice to lenders and servicers. He counsels financial institutions and their affiliates on complying with federal and state consumer protection laws and regulations; including providing general regulatory advice, providing advice on fair lending issues, reviewing consumer disclosures, drafting legislative or regulatory language or advocacy papers, and advising on electronic commerce matters. Mr. Jerison holds a J.D. degree from the University of California School of Law, an M.L.T. from Georgetown University, and a B.A. from Yale University. Jon is a frequent speaker at financial industry conferences and seminars.

Kirk D. Jensen

Kirk D. Jensen is an associate at Buckley Kolar LLP. Mr. Jensen’s practice focuses on representing the financial services industry in an array of litigation and regulatory matters. In particular, Mr. Jensen represents clients in litigation and in regulatory and compliance matters arising under federal and state laws relating to consumer and commercial financial services, including laws governing mortgage lending and secondary market transactions, unsecured and secured credit, state licensing, fair lending, consumer privacy and data security, debt collection, electronic financial transactions, negotiable instruments, anti-money laundering, financial institution regulation, and credit reporting.

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