Mortgage Servicing Reforms 2011 Webinar
An Inside Mortgage Finance Webinar Held
Thursday, April 28, 2011
The federal regulators’ new consent orders and upcoming state attorneys general settlements are pushing mortgage servicing reforms on the industry at a fast pace. Listen to this stellar panel for an interactive discussion of the latest servicing regulatory developments. You'll learn from the different perspectives of a servicer, a state regulator exec and two legal experts. The mortgage servicing landscape has changed dramatically in recent days with the announcement of federal banking agency consent decrees with 14 major mortgage servicers. And looming on the horizon are more agreements and settlements with state regulators that will further redefine if not revamp mortgage servicing practices in the months ahead. Find out what these new and planned regulatory developments will mean for the servicing business and its players.
These industry experts shared their insights and answered questions:
- Brian Brooks, Partner, O’Melveny & Myers LLP
- Jordan Dorchuck, EVP, Chief Legal Officer & Secretary, American Home Mortgage Servicing, Inc.
- Jeffrey Naimon, Partner, BuckleySandler LLP
- John Prendergast, VP for Non-Depository Supervision, Conference of State Bank Supervisors
- Guy Cecala, Moderator, Inside Mortgage Finance Publications, Inc.
Learn about issues like these:
- Now that consent-order servicers know what they must do, what should non-consent-order executives be planning?
- What are the details in the OCC’s settlement with servicers?
- How and why the State AGs’ settlement talks are different from the federal approach?
- How quickly might servicers be forced to react to delinquencies?
- What kind of incentive structures are likely to come out of these guidelines?
- What can we expect of the coming wave of “fair servicing” examinations?
- How should you posture your business in this new regulatory environment?
- Which disclosures and technical violations of disclosure have more litigation risk?
- How reduced servicing fees may open the door to new competition.
- What changes do you have to make to your processes with “dual track” modified by the consent orders?
- What is the likelihood of servicers being forced to do mandatory loss mitigation?
- What about the innovative plan to buy loans out of securitization pools to potentially help HAMP?