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

Join our interactive audio conference, Lessons for All Mortgage Lenders, as our industry experts discuss how federal regulatory guidance and pending legislation are likely to affect your institution. With the increased regulatory scrutiny focused on all mortgage lenders, you can’t afford to miss this important conference!

Program Highlights Include:

• The federal banking agency guidelines and how they may affect all mortgage lending–
• Underwriting to the fully-indexed, fully-amortized rate
• Limits on low-doc and no-doc loans
• Limits on prepayment penalties
• New disclosures–will they be added to Truth in Lending and RESPA?
• Legislation already passed by U.S. House of Representatives
• Provisions applicable to all loans, such as:
• Mandatory state or federal licensing or registration of individual mortgage brokers and loan officers
• Duty to provide a range of product options that “are appropriate to the consumer’s existing circumstances”
• Increased disclosures, including a “worst-case” ARM disclosure, earlier notices on hybrid ARMS, initial escrow payments, and monthly mortgage statements
• Increased Truth in Lending Act liability
• Concepts applicable to higher-cost loans that could spread to prime lenders, such as “tangible net benefit” and “reasonable ability to pay”
• Pending Senate bills
• Bankruptcy reform
• Could a reasonable “cramdown” provision help with the loan-modification problem?
• Fair Lending-Increased regulatory Legislative & DOJ emphasis on Fair Lending Issues
• State Action
• 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 the each of the two 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 the 30-minute live Q&A with the speakers following the presentation
• Certificates of completion for all seminar 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 Jensen

Kirk 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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