2013 has been touted as the “Year of Regulatory Implementation.” A number of key Dodd-Frank rulemakings, totaling thousands of pages, are being finalized, starting with seven final rules that are expected to be adopted by the Bureau of Consumer Financial Protection on or before January 21, 2013. These seven rules will significantly affect all aspects of residential mortgage finance, including origination, servicing, and solicitation.
On January 24, 2013 at 12:00 p.m. (EST), the Financial Services Regulatory Group (FSRG) at Reed Smith will begin a four-part teleseminar series that will dive deep into each new final regulation. Each teleseminar will be 60 minutes long and will provide a detailed analysis of the potential impact of the new rules on mortgage financial services providers. The seven final rules that will be examined by members of our FSRG include:
- Teleseminar 1: Ability to Repay/Qualified Mortgage (QM) Rule, 24 January 2013
- Teleseminar 2: Servicing Standards Rule, 7 February 2013
- Teleseminar 3: Loan Originator Compensation Rule, 21 February 2013
- Teleseminar 4: ECOA Appraisal Rule; Appraisals for High Risk Mortgage Rule, 7 March 2013
Facilitated by FSRG members Len Bernstein, Bob Jaworski, and Travis Nelson, this series will outline the new regulations and their potential impact on day-to-day operations. Len, Bob, and Travis are recognized authorities on issues related to the mortgage industry and often speak on these and other topics in regional and national forums.
For more information or to register for the series, please click here.