9th Annual Legal and Compliance Strategies to Prevent Claims of

Predatory Lending

The Leading Regulatory Forum for Prime and Sub-Prime Mortgage Lenders

Thursday, November 16, 2006

About

Regulators are monitoring industry conduct closer than ever. Can you afford the risk of non-compliance with new regulations and best practices?

State legislatures continue to aggressively pass anti-predatory laws throughout the country, making it difficult to keep your compliance processes up to date. And, with definitions varying from state to state, it has become harder and harder to identify how regulators are applying these new laws. How far must you go to ensure your anti-predatory lending policies are sufficient? Is Ameriquest the new model?

This American Conference Institute publication will help you determine whether your current compliance approach will protect you from becoming the next enforcement target. State and federal officials will collaborate with senior executives from AARP, HSBC, New Century Financial, Wachovia, ERS Group, and North Carolina Banking Corporation and leading legal expert advice to help you determine how to:

  • Implement practices to avoid becoming the next target
  • Evaluate suitability and measure net benefit
  • Coordinate your anti-predatory lending program with fair lending practices to meet anti-discrimination laws
  • Benchmark your current compliance systems and approaches against market leaders
  • Ensure marketability of your loans on the secondary market
  • Focus your efforts in areas where regulators are looking to monitor more closely

Contents & Contributors

About

Regulators are monitoring industry conduct closer than ever. Can you afford the risk of non-compliance with new regulations and best practices?

State legislatures continue to aggressively pass anti-predatory laws throughout the country, making it difficult to keep your compliance processes up to date. And, with definitions varying from state to state, it has become harder and harder to identify how regulators are applying these new laws. How far must you go to ensure your anti-predatory lending policies are sufficient? Is Ameriquest the new model?

This American Conference Institute publication will help you determine whether your current compliance approach will protect you from becoming the next enforcement target. State and federal officials will collaborate with senior executives from AARP, HSBC, New Century Financial, Wachovia, ERS Group, and North Carolina Banking Corporation and leading legal expert advice to help you determine how to:

  • Implement practices to avoid becoming the next target
  • Evaluate suitability and measure net benefit
  • Coordinate your anti-predatory lending program with fair lending practices to meet anti-discrimination laws
  • Benchmark your current compliance systems and approaches against market leaders
  • Ensure marketability of your loans on the secondary market
  • Focus your efforts in areas where regulators are looking to monitor more closely

Contents & Contributors


FAIR LENDING TRENDS IN THE MARKETPLACE
David Berenbaum, National Community Reinvestment Coalition (Washington, DC)

NEW DEVELOPMENTS IN STATE & LOCAL ACTIONS LIMITING SUB-PRIME LENDING
Thomas James, Illinois Attorney General's Office (Chicago, IL)

NEW DEVELOPMENTS IN STATE & LOCAL ACTIONS LIMITING SUB-PRIME LENDING
Marsha Williams, Middleberg Riddle & Gianna (Dallas, TX)

STATUS OF FEDERAL REGULATORY AND CONGRESSIONAL ACTIONS: REEMPTION AND BEYOND
C. Vance Beck, Wachovia Corporation (Charlotte, NC)

ABILITY TO REPAY & SUITABILITY IN SELLING A LOAN PRODUCT
Kathleen Keest, Center For Responsible Lending(Durham, NC)

2006 KEY PREDATORY LENDING DEVELOPMENTS
Nanci Weissgold, Kirkpatrick & Lockhart Nicholson Graham LLP (Washington, DC)

A DISCUSSION OF NET TANGIBLE BENEFIT
Loretta Abrams, HSBC (Prospect Heights, IL)

NAVIGATING THE INTERSECTION OF FAIR LENDING AND PREDATORY LENDING TO PROTECT AGAINST CLAIMS OF DISCRIMINATION
Brad Blower, Relman & Associates (Washington, DC)

NAVIGATING THE INTERSECTION OF FAIR LENDING AND PREDATORY LENDING TO PROTECT AGAINST CLAIMS OF DISCRIMINATION
Paul Hancock, Kirkpatrick & Lockhart Nicholson Graham LLP (Miami, FL)

NAVIGATING THE INTERSECTION OF FAIR LENDING AND PREDATORYLENDING TO PROTECT AGAINST CLAIMS OF DISCRIMINATION
Nina Simon, AARP (Washington, DC)

COMPLIANCE CHALLENGES AND SOLUTIONS: MORE ON NONTRADITIONAL GUIDANCE AND TECHNOLOGY &OPERATIONAL SOLUTIONS
Penny A. Paplanus, New Century Financial Corporation (Irvine, CA)

MOVING LOANS INTO THE SECONDARY MARKET: NEW GUIDELINES AND PRACTICES
Benjamin Klubes, Skadden Arps Slate Meagher & Flom LLP (Washington, DC)

NONTRADITIONAL MORTGAGE LOAN PRODUCTS COMPLIANCE ISSUES
Mariana Rexroth, Office of Thrift Supervision(San Francisco, CA)

REGULATOR UPDATE: ENFORCEMENT OF ANTI-PREDATORY LENDING REGULATIONS
Joseph Smith, North Carolina Banking Commission (Raleigh, NC)

REGULATOR UPDATE: ENFORCEMENT OF ANTI-PREDATORY LENDING REGULATIONS
Andrew Sandler, Partner, Skadden Arps Slate Meagher & Flom LLP (Washington, DC)

HMDA DEVELOPMENTS
Joseph T. Lynyak, III, Buckley Kolar LLP (Washington, DC)

ACCENTUATE THE POSITIVE LATCHING ONTO HMDA DATA
Warren Traiger, Traiger & Hinckley LLP (New York, NY)

HMDA DATA: OBSERVATIONS AND IMPLICATIONS
Anand Raman, Skadden Arps Slate Meagher & Flom LLP (Washington, DC)

ANALYSIS OF THE 2005 HMDA DATA BEST PRACTICES OF LENDERS
Marsha Courchane, ERS Group (Washington, DC)

BALANCING PROFITABILITY AND COMPLIANCE: REAL WORLD STRATEGIES FOR MANAGING COSTS OF COMPLIANCE
Loretta Salzano, Franzen and Salzano, PC (Norcross, GA)



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0