Chicago Program
November 3, 2011
Chicago, Illinois
8:00 a.m. - 9:00 a.m.
Continental Breakfast
Sponsored By: 
8:30 a.m. – 9:30 a.m.
The Impact of Dodd-Frank on Your Affiliated Businesses
The Dodd-Frank Wall Street Reform Act’s new “ability to repay”, risk retention, HOEPA, and state preemption provisions could significantly impact the way you create and manage your affiliated businesses. Get an overview of those provisions that uniquely impact the affiliated business model in the residential mortgage marketplace, and get practical advice on what you should be doing now to prepare your companies for its full implementation.
9:30 a.m. – 10:30 a.m.
Don’t Forget About RESPA! What to Expect from Federal Regulators in 2012
RESPA rulemaking and enforcement transferred from the Department of Housing and Urban Development (HUD) to the Consumer Financial Protection Bureau (CFPB) on July 21, 2011? Who are the players and what changes can you expect in your RESPA regulatory environment over the coming year?
10:30 a.m. – 10:45 a.m.
Refreshment Break
10:45 a.m. – 12:00 p.m.
The Latest from the Consumer Financial Protection Bureau
Hear directly from a CFPB official about what the new agency’s top regulatory priorities for the residential housing industry are in 2012 as they carry out their rulemaking and enforcement mandate under Dodd-Frank, the Truth in Lending Act, and RESPA.
- Speaker to be announced
12:00 p.m. – 1:00 p.m.
Lunch Provided
1:00 p.m. – 1:30 p.m.
2011 HUD/FHA Developments Impacting Affiliated Businesses
RESPA rulemaking and enforcement have gone over to the CFPB, but the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) can still create regulatory compliance challenges for affiliated businesses. Find out about the two most significant developments emerging from HUD in 2011 – FHA’s increased capitalization/net worth requirements and HUD’s new position on Series LLCs and its tenstion with FHA’s net branch requirements. What else might be in the offing?
1:30 p.m. – 2:30 p.m.
How to Structure a Marketing Agreement Under RESPA
Marketing agreements are an alternative to affiliated businesses, but the RESPA rules governing them are vague. How can you structure a marketing agreement that will fulfill your goals while minimizing your legal risks under RESPA?
2:30 p.m. – 2:45 p.m.
Refreshment Break
2:45 p.m. – 3:30 p.m.
The Top Class Action Threats Against Affiliated Businesses
The plaintiffs’ bar continues to aggressively pursue class actions against affiliated businesses under RESPA and other federal/state laws and regulations. This year, the U.S. Supreme Court will hear its first affiliated business case, Edwards v. First American, and a U.S. Court of Appeals will decide on the constitutionality of HUD’s Sham Joint Venture Guidelines in Carter v. Wells Bowen. What is the outlook and significance of these cases, and what can we expect from the class action bar in the future?
3:30 p.m. – 4:30 p.m.
Open Question and Answer Period with the Experts
A set-aside time to ask our experts your most pressing regulatory compliance questions!
4:30 p.m.
Adjourn
