TRENDING COMPLIANCE ISSUES TRACK: Servicing Compliance Part 2 - Regulation X Modernization (Closed to Media)
Comments to the Consumer Financial Protection Bureau’s long-awaited proposal amending the Servicing rules under Regulation X have been submitted. Join this panel as experts explore the issues, comments, and application of the Bureau’s proposal affecting borrowers, servicers, and the mortgage market. Sponsored by Paul Hastings.
Speakers
Moderator
Brendan Kelleher is Associate Director of Loan Administration at the Mortgage Bankers Association (MBA) where he manages MBA’s legislative and regulatory strategy for residential loan administration and worked with federal housing regulators, investors, and guarantors to improve and streamline servicing requirements. Prior to joining MBA, Brendan worked at Rocket Central as Director, Public Policy overseeing external relations and mortgage policy advocacy. Before joining Rocket Central and MBA, Brendan began his career at Rocket Mortgage as the FHA Servicing Product Manager managing the implementation of FHA servicing policy.
Speakers
Jonathan Kolodziej is a partner at Bradley in the firm’s Banking and Financial Services practice group and is a co-leader of the firm’s CFPB team. He represents mortgage servicers in regulatory compliance, examination and enforcement matters and centers his practice around helping clients ensure that their operations are in compliance with applicable federal and state consumer financial laws, and then demonstrating compliance to regulators. In this role, Jonathan frequently helps clients assess the impact of new rules and regulations and adapt to changes in the regulatory environment. Jonathan is also an adjunct professor at the University of Alabama School of Law, where he teaches an upper level course on the laws and regulations that apply throughout the lifecycle of a mortgage loan.
Steve Sharpe is a senior attorney at the National Consumer Law Center focusing on foreclosures and mortgage lending. He represented homeowners at the Legal Aid Society of Southwest Ohio, LLC. and started his career in 2005 at Indiana Legal Services with a Skadden fellowship focused on representing borrowers with predatory loans. Steve is a contributing author of National Consumer Law Center’s Mortgage Servicing and Loan Modifications, Home Foreclosures, and Truth in Lending legal treatises. He is a cohort member of the Shriver Center’s Racial Justice Institute and a former Consumer Fellow with the American Bar Associates Consumer Financial Services Committee. He received his B.A. from the University of Michigan and his J.D. from the Indiana University School of Law in Bloomington.
Nanci Weissgold co-chairs Alston & Bird's Financial Services & Products Group. She maintains a national regulatory compliance practice representing consumer financial products and services providers on federal, state, and agency requirements, including valuation and mortgage lending and servicing. Her pragmatism preparing for, and responding to, CFPB, FHA, state, and other administrative actions is highly valued by her clients. Nanci is an American College of Consumer Financial Services Lawyers Fellow and nationally ranked by Chambers USA in Financial Services Regulation: Consumer Finance (Compliance).
