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
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Sales Tax: for NY, TX, DC, CT orders only.

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What do these mean for your institution: the federal housing bill… new State statutes… proposed regulations… foreclosure mitigation… HopeNow… IndyMac… Bear Stearns… mortgage market pessimism driving the stock market down… Fannie and Freddie… attorney general lawsuits… Countrywide… Option One… cease and desist orders… Regulation Z… Mortgage Metrics Report? The list is seemingly endless!

Let us help you sift through it and stay on top of what’s really important.

Helping you incorporate the new requirements into your lending program Rebuilding the Mortgage Lending Market helps you incorporate the amendments to Truth in Lending and the Housing and Economic Recovery Act of 2008 requirements into your lending program. In one place you have the laws and regulations that you are subject to now and you will continue to get coverage of all the requirements and guidance you need to follow as they are proposed and adopted.

This timely manual provides a solid foundation for extending loans in this new environment as well as staying in compliance with existing rules, including :

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 final Regulation Z amendments.
The Housing and Economic Recovery Act of 2008
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!

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.