Product Details
Tuesday, November 17, 2009 from 2:00 - 3:30 p.m. ET
The countdown has begun to Jan. 1, 2010 when a massive overhaul of Real Estate Settlement and Procedures Act regulations – the biggest in 30 years – is scheduled to take effect. And there are mixed signals coming from the mortgage industry on whether lenders and other players are really ready for the big changes.
Find out all you need to know about the new RESPA regulatory environment at a must-attend Inside Mortgage Finance audio conference on November 17, 2009 at 2 pm ET. Hear from legal experts as well as HUD itself about the impact of new RESPA regulations.
Whether you are a lender, mortgage broker, homebuilder, title agent or anyone else involved in the mortgage origination process, the new RESPA rule will change the way you do business.
Among the major changes are new forms—HUD-1, GFE, the greater accountability lenders must assume for any good faith estimate provided by a broker to a borrower on the lender’s behalf. Liability also applies to mortgage interest rates and “changed circumstances” which could require a revised GFE—and what exactly does that phrase mean.
Many industry participants are worried about state laws demanding enforcement of violations of federal law—even as HUD says it will be lenient during the initial phase. Join your colleagues at this event to get your questions answered.
These Experts Will Share Their Insights and Answer Your Questions:
- Donald C. Lampe, Partner, Womble Carlyle Sandridge & Rice PLLC;
- Phillip L. Schulman, Partner, K&L Gates LLP;
- Bart Shapiro, Deputy Director, Office of RESPA and Interstate Land Sales, HUD;
- David Hay, Senior Vice President and Managing Attorney, SunTrust Mortgage; and
- Guy Cecala, Publisher, Inside Mortgage Finance (moderator).
Topics for This Live 90-minute Session Include:
- Gearing up to use the new disclosure forms;
- Getting the GFE and the HUD-1 to “talk” to each other;
- Refining your plan to deal with the new requirements;
- A review of HUD’s growing list of FAQs—what questions have been answered and which have not;
- What are the regulatory pitfalls of the new rule;
- Balancing RESPA disclosures with planned TILA disclosures;
- How will the changes affect the industry’s competitive balance;
- Understanding the state law liability issues;
- Determining when you must re-issue a GFE;
- Where does “changed circumstances” apply;
- Knowing where the litigation risks are;
- What’s the most important thing to watch out for;
- Last minute compliance advice from experts.
- Conference attendance for you and your entire team around your speakerphone;
- A very useful resource—the conference manual—which includes a program outline, speaker bios and supplemental materials, plus key articles on the topic from the pages of Inside Mortgage Finance and our other newsletters;
- A full transcript, emailed to you when you take our post-conference survey; and
- The opportunity to connect with any or all of the speakers anonymously during the audience Q&A session—a favorite part of these events.
Cancel before 5:00 pm ET 11/13/09 for full refund less $25 fee.
You will receive an e-mail confirmation shortly after you complete the registration. You may also contact us at (301) 951-1240.