Product Details
Hear and Speak with Top RESPA Experts!
Get answers at this must-attend IMF event.
Wednesday, February 10, 2010 from 3:00 - 4:30 pm ET
- Bart Shapiro, Deputy Director, Office of RESPA and Interstate Land Sales, HUD
- Donald C. Lampe, Partner, Womble Carlyle Sandridge & Rice PLLC
- Phillip L. Schulman, Partner, K&L Gates LLP
- Jonathan Corr, Chief Strategy Officer, Ellie Mae
- Guy Cecala, Publisher, Inside Mortgage Finance will moderate.
The massive overhaul of Real Estate Settlement and Procedures Act regulations now binds everyone involved in the mortgage origination process. The new centerpiece of RESPA is the Good Faith Estimate, requiring greater lender accountability. The GFE is HUD’s best effort to assure transparency and clarity in consumer disclosures.
However, understanding and implementing all the changes is a major challenge for the industry, which sought to delay implementation. The regulation is very complex, causing compliance fears—and the cost of updating software and training employees to do things in a totally different way—is daunting.
HUD’s been working hard to explain the new GFE and HUD-1 to origination participants, and here is your chance to hear a review of these forms, as well as hear the effects of new rules on your business from prominent, experienced attorneys. Bring your questions.
Topics for This Live 90-minute Session Include:
- Six key loan terms that must be included on the GFE;
- Timeframe required to keep the GFE’s settlement costs open, as well as how long the interest rate may float;
- The 11 categories of settlement costs required on the GFE;
- Different tolerances for three categories of settlement charges;
- What constitutes “changed circumstances,” which may result in an originator providing a new GFE to the borrower, and what doesn’t qualify;
- Disclosure of yield-spread premiums;
- Four important issues “buried” in the regulations that you need to understand;
- How to deal with the fact that lenders are bound by the GFE provided by mortgage brokers;
- Working with the new HUD-1 to complement the GFE;
- What all these changes mean for your business; and
- HUD’s review of these new documents.
- 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 during the audience Q&A session—a favorite part of these events.
Cancel before 5:00 pm ET 2/8/10 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.