Appraisal Reforms 2010 Webinar 10/21/10 (E1)
Product Details
Beginning October 19, 2010, residential mortgage appraisal rules will get a major overhaul thanks to the passage of the Dodd-Frank financial reform legislation over the summer. The much beleaguered Home Valuation Code of Conduct is out and a new set of appraisal rules and standards are in.
Learn about the new appraisal landscape and what it means for the mortgage market at an exciting new webinar from Inside Mortgage Finance on October 21 from 2-3:30 pm EDT.
The Dodd-Frank legislation has triggered several major appraisal changes, which include: Broad Appraisal Reforms, which replace the Home Valuation Code of Conduct. Title XIV, the Mortgage Reform and Anti-Predatory Lending Act, creates enforceable appraisal independence standards within the Truth in Lending Act and amends other requirements, with significant penalties for non-compliance.
Some of these expansive reforms can also be expensive. Join us at the webinar “Appraisal Reforms 2010” to get answers to your questions by our panel of experts. Like the HVCC, the new standards prohibit parties in a mortgage transaction from influencing appraisal outcomes. Unlike the HVCC, the new law does not bar loan originators from ordering appraisals, and demands that “customary and reasonable” fees be paid to appraisers – or risk TILA penalties for an unfair and deceptive act. Also appraisal management companies will be subject to registration and state and federal oversight for the first time. The new rules apply more broadly than previous Fed standards.
These industry experts will share their insights and answer your questions:
- Anne C. Canfield, Executive Director, Consumer Mortgage Coalition
- Joseph M. Kolar, Partner, BuckleySandler LLP
- Nanci L. Weissgold, Partner, K&L Gates LLP
- Guy D. Cecala, Publisher, Inside Mortgage Finance (moderator)
Time is running out to be sure you understand what is expected of mortgage market players. Learn:
- Which provisions of the HVCC became law and which didn’t;
- The enforcement mechanism for violations of the requirements;
- What it means for AMCs and lenders that appraisers must be paid reasonable fees;
- What evidence justifies the fees paid;
- New regulations on the use of broker price opinions (BPOs);
- New standards for appraisal valuation models;
- What the new oversight of AMCs really means; and
- Fannie’s and Freddie’s role in the new appraisal environment.
Your Webinar registration includes these added benefits:
- Conference attendance for you and your entire team in one location;
- A conference manual with a program outline, speaker bios and presentations, and pertinent articles on the subject from 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 EDT 10/19/10 for full refund less $25 fee.
You will receive an email confirmation shortly after completing your registration. You may also contact us at (301) 951-1240.