Thoughts From Mortgage Servicing Compliance Seminar in Dallas

Recently I had the privilege to speak in Dallas at the American Conference Institute seminar on mortgage compliance issues.

My panel, which included two other mortgage lawyers, addressed updates to ECOA, RESPA and TILA in the mortgage servicing context. Many other interesting panels composed of compliance personnel, in-house lawyers and outside counsel covered a range of topics.

One theme that is clear is that we are still in a difficult regulatory environment where as many as 20 percent of homeowners owe more on their mortgages than their properties are worth, and where many modifications that included balloons or other product features will be due in the near term.

It is imperative your organization continue to assess its policies and procedures, train key personnel on these issues, and be able to anticipate regulator concerns and questions.

Please do not hesitate to contact Spilman if we can assist with your organization’s compliance efforts and/or address any concerns.



by R. Scott Adams

R. Scott Adams




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