Reverse Mortgage Compliance

Wednesday, January 30, 2008

About

As lenders mobilize to offer both FHA insured HECM loans and emerging proprietary products, it is imperative to compensate for the current regulatory gaps by extrapolating existing legislative requirements for forwards into this burgeoning market. Are you armed with the proper compliance strategies to remain in regulatory compliance despite the rift of guidelines?

This publication from ACI's Reverse Mortgage Compliance gives all the practical insights and information you need to stay in compliance with the myriad of applicable state regulations and federal requirements.

Leading compliance experts, federal regulators, and senior mortgage banking attorneys provide critical information on how to:

  • Determine which disclosures are necessary at the state and federal level
  • Meet specific state regulatory approvals for originating reverse mortgages
  • Respond to a HUD findings letter
  • Identify default conditions to ensure compliant servicing
  • Document borrower competency to stay in compliance with FHA and state counseling requirements
  • Understand what the investors are looking for in the securitization of reverses

Contents & Contributors

About

As lenders mobilize to offer both FHA insured HECM loans and emerging proprietary products, it is imperative to compensate for the current regulatory gaps by extrapolating existing legislative requirements for forwards into this burgeoning market. Are you armed with the proper compliance strategies to remain in regulatory compliance despite the rift of guidelines?

This publication from ACI's Reverse Mortgage Compliance gives all the practical insights and information you need to stay in compliance with the myriad of applicable state regulations and federal requirements.

Leading compliance experts, federal regulators, and senior mortgage banking attorneys provide critical information on how to:

  • Determine which disclosures are necessary at the state and federal level
  • Meet specific state regulatory approvals for originating reverse mortgages
  • Respond to a HUD findings letter
  • Identify default conditions to ensure compliant servicing
  • Document borrower competency to stay in compliance with FHA and state counseling requirements
  • Understand what the investors are looking for in the securitization of reverses

Contents & Contributors

FEDERAL HOUSING ADMINISTRATION HECM COMPLIANCE
Erica Jessup, U.S. Department of Housing and Urban Development (Washington, DC)

REVERSE MORTGAGE LENDING: A FEDERAL REGULATORY PERSPECTIVE
Mariana Rexroth, Office of Thrift Supervision (San Francisco, CA)

STATE REGULATORY PERSPECTIVE ON REVERSE MORTGATGE LENDING
Chuck Cross, Conference of State Bank Supervisors (Washington, DC)

REVERSE MORTGAGES: AN OVERVIEW OF THE INDUSTRY AND APPLICABLE LAWS
Jim Milano, Weiner Brodsky Sidman Kider PC (Washington, DC)

REVERSE MORTGAGE LOAN DOCUMENTATION
David K. Tinkler, Bank of America (Charlotte, NC)

MEETING DISCLOSURE & DOCUMENTATION REQUIREMENTS
Brent Lattin, Federal Reserve Bank (Washington, DC)

MEETING DISCLOSURE & DOCUMENTATION REQUIREMENTS
Jonathan D. Jaffe, Esq., Kirkpatrick & Lockhart Preston Gates Ellis LLP (San Francisco, CA)

REVERSE MORTGAGE DISCLOSURE AND DOCUMENTATION REQUIREMENTS
Arthur B. Axelson, Reed Smith LLP (Washington, DC)

OVERCOMING COMPETENCY AND FRAUD CHALLENGES (DEFENSE AGAINST THE DARK ARTS)
Howard A. Lax, Lipson Neilson Cole Seltzer Garin P.C. (Bloomfield Hills, MI)

REVERSE MORTGAGES: OVERCOMING COMPETENCY AND FRAUD CHALLENGES
Holly A. Pierson, Nelson Mullins Riley & Scarborough, LLP (Charlotte, NC)

UPGRADING YOUR QUALITY CONTROL PLAN TO SURVIVE A HUD AUDIT
Daniel Mooney, U.S. Department of Housing and Urban Development (Santa Ana, CA)

QUALITY CONTROL PLAN CHECKLIST FOR LOAN ORIGINATION
Ben Slayton, QC-MAC (Culver City, CA)

HMBS OVERVIEW
Justin Burch, Ginnie Mae (Washington, DC)

MORTGAGE SERVICING CONSIDERATIONS
Joel A. Schiffman, Financial Freedom Senior Funding (Irvine, CA)
Joseph Lynyak, Buckley Kolar LLP (Los Angeles, CA)

STATE LICENSING REQUIREMENTS
Jonathan D. Jaffe, Esq., Kirkpatrick & Lockhart Preston Gates Ellis LLP (San Francisco, CA)

HUD AND SECONDARY MARKET LICENSING CONSIDERATIONS
Matthew Yoon, Thacher Proffitt & Wood LLP (New York, NY)

REVERSE MORTGAGE OUTLOOK
Gregory M. Taube, Nelson Mullins Riley & Scarborough LLP (Atlanta, GA)



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0