Rebuilding the Mortgage Lending Market: Changes in Legislation, Regulation & Policy

A new comprehensive resource that will keep you updated on changes in mortgage laws and regulations as they are proposed, adopted and implemented.

Author: James H. Pannabecker & David Stemler
Format:3 Ring Binder with CD
Price: $525
Plus shipping and handling.
Sales Tax: for NY, TX, DC, CT orders only.

About Your Subscription

You can review this product for 30 days. Your annual subscription includes published updates at no additional charge for the 12 month subscription period. At least 2 updates are expected. If you cancel your subscription within 30 days of receipt, you will receive a full credit upon return of the product together with a request for cancellation.

Look Inside This Book!*
*Requires Adobe Acrobat Reader

Pratt’s Rebuilding the Mortgage Lending Market: Changes in Legislation, Regulation & Policy manual will help you plan for new regulations – the result of the 2007 mortgage meltdown. Most of the American public blames the lending process, and its inadequate regulation. As a result, legislators and regulators have begun, and will continue for the foreseeable future, to propose and adopt new requirements to shore up the process and everyone in the industry will be affected.

From current laws to long-range planning this is your one source for keeping on top of all the laws and regulations

This comprehensive manual incorporates in one place all the laws, regulations, and long range planning you need to know about in this new mortgage lending environment. It provides a solid foundation for understanding the laws, regulations and agency issuances that will be affected and includes:

Detailed explanations of existing laws, regulations and agency issuances, including but not limited to the Truth-in-Lending Act; the Real Estate Settlement Procedures Act; real estate lending guidelines; and subprime, predatory lending and nontraditional mortgage lending issuances
Charts listing State predatory lending statutes and regulations and an appendix that explains each law
A chart listing State mortgage broker laws
A digest of court decisions dealing with alleged mortgage lending process failures
The Federal Reserve Board’s December 2007 proposal to amend Regulation Z
The proposal by the U.S. Department of Housing and Urban Development (HUD) to amend its Regulation X (Real Estate Settlement Procedures Act)
The Home Valuation Code of Conduct, soon to be implemented by the Federal National Mortgage Association (FNMA, or Fannie Mae) and Federal Home Loan Mortgage Association (FHLMC, or Freddie Mac)
And much more!

This is the one resource that mortgage lenders can’t afford to be without in the current lending environment!

It includes helpful features such as:

Long-range planning checklists showing actions you can expect you will be required to implement during the next several years
Sections highlighting the challenges likely to be addressed by new regulation
Sections explaining existing laws, regulations and agency issuances
Sections highlighting pending proposal
Sections discussing likely regulatory action and the steps you will need to take to implement the proposed regulation

About the Authors

James H. Pannabecker writes from Natural Bridge Station, Virginia, focusing on banking law and regulatory compliance. He was formerly a senior vice president and general counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. Mr. Pannabecker is the author or co-author of numerous publications in the areas of mortgage lending, truth-in-lending, financial privacy, and banking law. These include Mortgage Compliance Update: Solutions for Mortgage Professionals (A.S. Pratt & Sons); The RESPA Manual: A Complete Guide to the Real Estate Settlement Procedures Act (A.S. Pratt & Sons); Mortgage Lending Compliance with Federal and State Guidance (A.S. Pratt & Sons); Model Compliance Manual: A Template for Mortgage Professionals (Sheshunoff Information Services); Mortgage Lending Operations and Administration (Sheshunoff Information Services); and The Truth-in-Lending Manual by Ralph C. Clontz, Jr. (Warren, Gorham & Lamont), He graduated from the University of North Carolina School of Law in 1978 and has been admitted to practice law in the District of Columbia, Georgia, Maryland, Missouri, North Carolina, and Virginia.

David McF. Stemler is an author/editor of Pratt’s Letter, Pratt’s Federal Advertising and Marketing Law Guide, Pratt’s Federal Fair Lending and Credit Practices Manual, and Pratt’s RESPA Manual as well as Pratt’s Bank Law & Regulatory Report. Mr. Stemler is a graduate of Pennsylvania State University and the University of Pittsburgh School of Law. He is a member of the bar in Pennsylvania and the District of Columbia.