In particular, the Qualified Mortgage/Ability-to-Repay Final Rule is causing a stir.
Join your colleagues and the staff of Dodd Frank Update as we examine implementation best practices regarding the QM/ATR Final Rule and solutions to challenges the industry is encountering as it continues to get comfortable with the new environment under these regulations. Compliance attorneys Richard Andreano, a partner at Ballard Spahr LLP, and Paul Schieber, shareholder at Stevens & Lee, will provide instruction on various implications from the rule and the sticky issues arising from implementation.
In this educational webinar, they will address the following topics:
- Making calculations under the rule, including residual income;
- Bona fide discount points;
- Affiliate business structures that trigger points and fees calculation concerns;
- CFPB examinations: What to expect and what is the bureau going to be focusing on;
- Crucial areas of the rule; and
- The rule’s impact on the marketplace and availability of credit so far.
Webinar participants will have an opportunity to ask questions through the webinar’s instant chat feature and will receive the full PowerPoint presentation following the live event, along with related articles from October Research LLC publications. One attendance registration provides access to as many listeners as you can fit into a conference room and/or the recordings can be circulated around your office.
Richard J. Andreano, Jr.
Partner, Ballard Spahr LLP
Richard J. Andreano, Jr., is a partner at Ballard Spahr LLP in the Business and Finance Department, practice leader of the Mortgage Banking Group, and a member of the Consumer Financial Services and Privacy and Data Security Groups. He has devoted more than 25 years of practice to financial services, mortgage banking and consumer finance law. Rich advises lenders, servicers, brokers, homebuilders, title companies, real estate professionals and other settlement providers on regulatory compliance and related matters, including issues concerning the Dodd-Frank Wall Street Reform and Consumer Protection Act, Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Housing Act, Fair Credit Reporting Act (including FACTA), Home Mortgage Disclosure Act (HMDA) and Gramm-Leach-Bliley Act.
He assists clients with a variety of regulatory issues, including issues relating to the foreclosure crisis and related regulatory review of foreclosure and servicing practices, repayment ability/qualified mortgages, loan originator compensation, integrated disclosures, fair lending, affiliated business and service arrangements, and marketing and similar arrangements. Rich is editor-in-chief of “Mortgage Finance Regulation Answer Book 2011-2012,” published by the Practising Law Institute; author of its chapters on Dodd-Frank, HMDA and RESPA; and co-author of its ECOA and TILA chapters. He received his law degree with honors from George Washington University Law School and a bachelor’s degree with honors from State University of New York at Oneonta.
Shareholder, Stevens & Lee P.C.
Paul Schieber is a shareholder of the law firm Stevens & Lee in Valley Forge, Pa. He concentrates his practice in the area of consumer financial services and retail banking. He represents banks, thrift institutions, credit unions, mortgage companies, loan servicers, finance companies, secondary market investors, real estate and title insurance companies, and other financial services providers and investors.
Schieber serves clients in areas such as: mortgage, home equity and consumer loan, lease and credit sale transactions; loan servicing; litigation strategies and defense; subprime lending compliance; due diligence and related portfolio securitization, acquisition and secondary market matters; federal and state regulatory compliance, including RESPA, Truth in Lending and usury; warehouse lending; mergers and acquisitions; data privacy and security; fair lending; electronic commerce; licensing; lender liability prevention and defense; credit card agreements; and mobile banking.
Prior to entering private practice in 1986, Schieber served as the executive director of the Public Housing Authorities Directors Association in Washington, D.C. He was also a legislative assistant in Gov. Hugh Carey’s New York State Office of Federal Affairs and to Congressman James Scheuer.