New Federal Subprime Lending Guidance audio conference (f)

Product Details

Inside Mortgage Finance’s audio conference on April 26, 2007 will examine the banking regulators’ proposed Statement on Subprime Mortgage Lending issued just last month. Aimed at curbing a number of practices, this guidance is a major concern in the mortgage market.

State regulators recently announced that they will abide by federal guidance. At this conference you’ll hear directly from the federal and state regulators who are shaping this important debate. The conference panel comprises a variety of perspectives including:

• What’s next from Grovetta Gardineer, Assistant Managing Director, Examinations and Supervision Policy, OTS, Michael L. Stevens, Senior Vice President, Regulatory Policy, Conference of State Bank Supervisors and Serena Owens, Chief of Planning and Program Development, FDIC
• The legal view and lenders’ perspective by Larry Platt, Practice Area Leader, K&L Gates and Donald Lampe, Partner, Womble Carlyle Sandridge & Rice
• Moderated by Guy Cecala, Inside Mortgage Finance Publications.

• What were the gaps in existing rules that led regulators to issue this new guidance?
• What lenders' compliance operations should look like to avoid the pitfalls of this new regulatory environment?
• How does a lender increase risk-benefit disclosures without being accused of “steering”?
• What are the implications of recent cease and desist orders?
• Does restricting products deny a borrower the right to choose a loan for his or her financial situation?
• Are banks likely to be the prime beneficiaries of tighter subprime underwriting requirements?
• What are the litigation risks if the lender determines the borrower’s ability to repay?
• When is it OK to make stated income/reduced doc loans?
• How will lower loan volume affect the secondary market and investors?
• How will this guidance’s detailed disclosures affect loan marketing efforts?
• Are lenders leaving themselves more open to fraud without the cushion of prepayment penalties?

• Conference attendance for you and your team around your speakerphone at one site,
• The conference manual—which includes a program outline, speakers information and additional value-added articles,
• A full transcript, emailed to you when you take our post-conference survey, and
• The opportunity to pose questions anonymously during the audience Q&A sessions.

For questions or to order by phone, call (800) 570-5744 or (301) 951-1240.