On Demand Audio

Home Mortgage Disclosure Act: Preparing for the Upcoming Changes

(520 reviews)

Produced on October 13, 2017

Taught by
$ 59 Banking Law, Real Estate, and Administrative Law In Stock
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Course Information

Time 61 minutes
Difficulty Intermediate

Course Description

This program, presented by Akerman LLP partner Thomas Kearney, will provide an overview of upcoming changes to the Home Mortgage Disclosure Act (“HMDA”). It will provide a history of the statute and its accompanying regulations, along with a timeline of future changes set to go into effect. The program will also review the statute’s current transactional coverage and data points, along with related amendments. Additional topics to be covered include HMDA reporting and disclosure requirements, and potential future developments to the Act.


Learning Objectives:

  1. Review the history and purpose of HMDA

  2. Familiarize yourself with HMDA’s Final Rule, and the timeline for the Rule’s implementation

  3. Understand what’s currently covered under HMDA and what will change

  4. Discuss potential future HMDA Developments

Credit Information

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Faculty

Thomas Kearney

Akerman LLP

Thomas Kearney joined Akerman from the Consumer Financial Protection Bureau's Office of Regulations, where he played a key role developing and drafting multiple mortgage originations related rulemakings. He most recently led the team responsible for the Home Mortgage Disclosure Act rulemakings. Thomas was also substantially involved in the CFPB's Truth in Lending Act - Real Estate Settlement Procedures Act Integrated Disclosure or Know Before You Owe rulemaking and the Ability-to-Repay and Qualified Mortgage rulemakings. He also worked on various CFPB outreach efforts regarding the Dodd-Frank Act Title XIV rulemakings, and handled guidance for industry and other CFPB offices on legal and regulatory issues arising under TILA, HMDA, FCRA, and RESPA. He was also responsible for providing regulatory guidance on supervisory matters to the OCC, FDIC, and other prudential regulatory agencies.

Thomas' practice now centers on federal and state financial statutes and regulations. He assists lenders, financial technology companies, banks, and other financial services providers with navigating the wide range of challenges that arise under financial services laws, including UDAAP and regulatory implementation issues. He focuses his practice on issues arising under consumer financial laws, including the Truth in Lending Act, the Home Mortgage Disclosure Act, the Equal Credit Opportunity Act, and the Real Estate Settlement Procedures Act.

Prior to the CFPB, Thomas worked for several years as in-house counsel for a provider of mortgage compliance services to national banks, securitizers, non-depository mortgage lenders and other financial services companies. During his time in-house, he specialized in issues related to several federal and state consumer credit and bank regulatory regimes, as well as program requirements for loans owned by Fannie Mae/Freddie Mac or insured by the Federal Housing Administration/Veterans Administration.



Reviews

RN
Robin N.

Very informative! Instructor was able to get through a lot of material in a short period of time

RB
Randy B.

Good overview.

JK
John K.

Great engaging speaker

JB
Julie B.

Excellent. Would love to see more on real estate transactions approved for Virginia.

LM
Lisa M.

very timely and relevant!

JA
John A.

It is nice to have a CLE program that is actually germane to my work!

BS
B.A. S.

The moderator was great; very easy to understand.

KP
Kathleen P.

Good job ending on time!

MC
Michael C.

While the allotted program time was too short for the amount of material to be presented, the presenter offered to answer any questions off-line, so that's great.

DP
Deborah P.

If you are familar with subject matter, it would be a good course; not an introductory course.

JL
John L.

Good job syncing slides with presentation.

MP
Marc P.

Good session

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