The $25 billion National Mortgage Settlement (NMS), the largest consumer financial protection settlement in U.S. history, poses many new challenges to the mortgage banking industry. Announced on February 9, 2012, the NMS involved the federal government, 49 states, and the nation’s five largest mortgage banks at the time. It was an important factor in the development of new servicing standards, the provision of loan modification relief to distressed homeowners, and increased federal government oversight.

In this webinar, members of Ballard Spahr’s Mortgage Banking Group will be joined by Anthony M. Lendez, the lead partner overseeing BDO Consulting's engagement as the primary professional firm assisting with the settlement's implementation. The panel will examine the impact of the NMS on mortgage servicers and discuss how they can more efficiently adapt to the rapidly evolving landscape of servicing regulation, including: 

  • Loss mitigation 
  • Servicer staffing 
  • Periodic statements 
  • Force-placed insurance 
  • Training and vendor oversight  

program

3:00 PM - 4:00 PM ET | Webinar

presenters

Richard J. Andreano, Jr., Practice Leader
Mortgage Banking Group

John D. Socknat, Practice Leader
Mortgage Banking Group

Anthony M. Lendez, Partner
BDO Consulting

This program is open to Ballard Spahr and BDO Consulting clients and members of the mortgage banking industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at prickrill@ballardspahr.com.

Related Practices

Consumer Financial Services
Mortgage Banking