American Conference Institute is pleased to announce its 14th National Forum on Residential Mortgage Litigation & Regulatory Enforcement. This year’s Washington DC event, co-chaired by Andrew Stutzman at Stradley Ronon Stevens & Young and Frank Hirsch at Alston & Bird, has been revamped to provide attendees with up-to-the-minute insights and strategies that are necessary to defend against these new claims and adapt to the evolving enforcement and regulatory landscape. Our unparalleled faculty of federal and state government officials, judges, expert in-house counsel, and leading outside counsel will provide you with strategic advice, critical insights, and comprehensive updates for:
CFPB oversight: Post-January 10 developments, new and emerging regulatory priorities, lessons learned from recent enforcement actions, broad UDAAP standards being applied by the Bureau and what to expect going forward
An in-depth focus on UDAAP concerns in the residential mortgage landscape
Front line regulatory and enforcement insights by key governing bodies in the mortgage industry: federal and state agencies and attorneys eneral speak out on recent key developments and how to prepare for examinations and supervision in a multi-agency environment
The evolving fair lending landscape: responding to game changing ‘disparate impact’ claims, fair lending violations as a basis for buyback and indemnification, HMDA data nuances, and how to defend against claims of discriminatory lending including mortgage pricing and product selection, redlining, loan amount, REO, disability, reverse discrimination, maternity leave, LGBT, and beyond
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.