Dodd-Frank Implementation Series
Informative 3-part webinar series on what appraisers must know about the new rules
The Consumer Financial Protection Bureau is authorized to deal with a range of appraisal related topics, including consumer disclosures, appraisal requirements and servicing requirements. Earlier this year, Regulation B (Equal Credit Opportunity Act) and Regulation Z (Truth in Lending Act) underwent significant changes. The agency also finalized a rule relating to loan servicing with impacts on valuation. Attend this webinar to learn the latest information from CFPB staff on these final rules and their impact on appraisals, and hear how banks are treating the new rules.
Attend this webinar and understand:
- How the CFPB interfaces with the appraisal profession
- Impact of the Equal Credit Opportunity Act Valuations Rule (ECOA) on appraisers and their clients
- How clients of appraisal services must comply with the new rules
- New liability exposures relating to appraisals, BPOs and AVMs
- How the CFPB intends to oversee “larger participants” and what that means for consumer responsibilities
- Changes between prior Regulation B and the new Rule and what it requires
- Scope of the Truth in Lending (TILA) Higher-Priced Mortgage Loan Appraisal Rule - what are and are not valuations, what is and is not covered
- How the TILA Servicing Final Rule and RESPA Servicing Final Rule impacts future appraisal assignments
Date: June 21, 2013
Time: 10:00 am PT, 11:00 am MT, 12:00 pm CT, 1:00 pm ET
Duration: 2 hours
CE Credit: Appraisal Institute members who attend will receive 2 hours of Appraisal Institute continuing education credit. Completion certificates will not be sent. This is not approved for state continuing education credit.
William Matchneer, Counsel at the Consumer Financial Protection Bureau (CFPB) has been with CFPB since 2011. Prior to CFPB he was at HUD for 9 years, where he managed the Office of Regulatory Affairs and also served in the Office of General Counsel. Prior to HUD, he was Chief Counsel at the OSHA Review Commission in DC. Before coming to Washington in 1991, he was a private practice litigation and real estate attorney in White Plains, New York.
Owen Bonheimer, Counsel in the Office of Regulations at the Consumer Financial Protection Bureau works on interagency appraisals rulemakings. He recently earned an LL.M. in securities and financial regulation from Georgetown University Law Center and previously worked as an Associate in the regulatory practice of a major Washington, DC, law firm.
Whitney Patross, Counsel, has been with the CFPB since 2011, joining the Regulations Division in the Office of Research, Markets and Regulations in July. Prior to that time she worked on the structured finance team for Thacher Proffitt & Wood. She was a member of the team implementing the provisions of the Dodd-Frank Act related to Mortgage Loan Servicing and since their release has been working on Regulation Implementation. She is a graduate of Cornell Law School.
Penny Reed, Vice President, Business Capabilities Management at Wells Fargo Home Mortgage is a 29-year veteran of the mortgage industry. Reed
has been with Wells Fargo for 23 years in various positions including underwriting, credit risk management, capital markets and agency relations. Penny
is currently responsible for leading the external outreach and financial reform activities of the Strategic Partner Management Group. In addition to
mortgage industry experience, Reed served in the US Army Reserves and received a BS in Computer Information Systems from the University of Southern New