Sharmin Arefin, Jenny Dozier, Terry Franzén and Loretta Salzano had a ball as they bowled for charity at MBAG’s Lend-A-Hand Bowling Tournament. All proceeds from the event went to the MBAG Foundation, the charitable arm of the Mortgage Bankers…
Yearly Archives: 2012
Summer 2012 Federal Highlights
The CFPB has been extremely busy this summer, issuing the following proposed rules relating to the mortgage business: Integrated Mortgage Disclosures under RESPA and TILA High-Cost Mortgage Amendments under TILA Loan Originator Compensation under TILA and Loan Originator Qualifications TILA…
Posted in Federal Highlights, Newsletters
Summer 2012 States In Brief
Colorado House Bill 1110 The Governor of Colorado signed into law HB 1110, which establishes a new registration requirement for appraisal management companies. The legislation is effective July 1, 2013. Under the legislation, “appraisal management company” means, in connection with…
Posted in Newsletters, States In Brief
Summer 2012 “Talking The Talk”
Terry Franzén will chair the Consumer Financial Services Committee Meeting at ABA’s Annual Meeting in Chicago and speak on Avoiding Deceptive Advertising at the Automotive Training Solutions webinar in August. In September, Terry will participate in a foreclosure litigation panel…
Posted in "Talking The Talk"/Conferences, Newsletters
Invitation to Attend ACI’s Residential Mortgage Litigation and Regulatory Enforcement Conference at a Discount
Just a reminder that I will be speaking at ACI’s Residential Mortgage Litigation and Regulatory Enforcement conference on September 27 – 28, 2012 at The Adolphus Hotel in Dallas TX. Registrations for this conference are pouring in and it is…
Posted in "Talking The Talk"/Conferences
CFPB Proposes New Mortgage Forms and High-Cost Mortgage Loan Rules
The Consumer Financial Protection Bureau (“CFPB”) has released proposed rules introducing new RESPA/TILA combined disclosures and revising existing requirements regarding high-cost mortgage loans. The “Loan Estimate” and “Closing Disclosure,” which consumers will receive after applying for a loan and before closing,…
Posted in Federal Highlights, Newsletters
Invitation to Attend ACI’s Residential Mortgage Conference at a Discount
I will be speaking at ACI’s Residential Mortgage Litigation and Regulatory Enforcement conference on September 27 – 28, 2012 at The Adolphus Hotel in Dallas TX. There is a specially created unpublished rate of $1,795 for you if you register…
Posted in "Talking The Talk"/Conferences
Spring 2012 “Talking The Talk”
“TALKING THE TALK” Terry Franzèn will chair the ABA Consumer Financial Services meeting in Chicago in August. Loretta Salzano will give a Compliance Law Update at the 2012 AgFirst Farm Credit Compliance Conference in Orlando, participate in a panel discussion…
Posted in "Talking The Talk"/Conferences, Newsletters
Spring 2012 States In Brief
Georgia Senate Bill 331 The Georgia legislature has passed SB 331, which amends Georgia’s insurance laws to provide specifically for the issuance of closing protection letters. The legislation will be effective upon signature by the Governor. The legislation broadens the…
Posted in Newsletters, States In Brief
Spring 2012 Federal Highlights
FinCEN Publishes Final Rules Regarding Anti-Money Laundering Program and Suspicious Activity Reports for Non-Bank Residential Mortgage Lenders and Originators The Financial Crimes Enforcement Network (“FinCEN”) issued final rules requiring non-bank residential mortgage lenders and originators to develop anti-money laundering programs…
Posted in Federal Highlights, Newsletters