Bracing for Massive TILA Changes audio conference






An Inside Mortgage Finance Audio Conference
Held Thursday, September 10, 2009

Did you miss the Bracing for Massive TILA Changes audio conference?

CLICK HERE to download the MP3 file, Conference Transcript and Manual
You'll Get:

  • An audio CD so you can listen to the entire discussion, including Q&A with officials, experts and industry leaders;
  • 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, including the audience Q&A sessions—a favorite part of these events.

The Federal Reserve has just proposed the most sweeping changes to the mortgage provisions of the Truth in Lending Act (TILA) ever seen. The major proposal would place new limitations on payments to mortgage brokers and loan officers, and prohibit originators from steering borrowers to mortgage products that aren’t in their “best interest.”

Find out about the Fed’s latest effort to rein in mortgage lending and how it will impact your business with this new Inside Mortgage Finance audio conference.

The Federal Reserve’s massive proposal is now out for comment and would require lenders to effectively warn borrowers of potentially risky loan features such as adjustable rates, prepayment penalties and negative amortization. It also embraces the notion that borrowers should be given an annual percentage rate (APR) that reflects most fees and settlement costs as well as some idea of how their rate compares to the average rate of a borrower with perfect credit.

How expensive will these new rules be to lenders and borrowers? Which TILA changes will have the greatest impact on your business? Hear from a panel of experts and get answers to questions about the new TILA changes.

These Experts Share Their Insights and Answer Your Questions:

  • Paul Mondor, Senior Attorney, Division of Consumer and Community Affairs, Board of Governors, Federal Reserve System;
  • Steven M. Kaplan, Partner, K&L Gates LLP;
  • Andrew Budish, VP Legal and Compliance, Morgan Stanley; and
  • Guy Cecala, Publisher, Inside Mortgage Finance, moderates.

During This 90-Minute Session You'll Find Out:

  • How to determine which loan is in the borrower’s “best interest;”
  • What will be included in the “simple graph” given to borrowers about how their loan’s APR compares to the average rate of people with sterling credit;
  • What are the issues with providing initial disclosures within three days after loan application, and final TILA disclosures three days before loan closing;
  • When lenders can safely terminate an account for delinquency;
  • What new disclosures will be required for a HELOC;
  • What about the timing conflicts between existing law and these proposed rules;
  • What are the implementation issues for lenders and brokers regarding closing and due diligence processes, and more

CLICK HERE to download the MP3 file, Conference Transcript and Manual
or continue below to order by mail

Audio CD, Transcript and Manual - $227.00
MP3 and Manual - $197.00

Please contact Customer Service if you need assistance: 1-800-570-5744


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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