PLI Publishes Mortgage Finance Regulation Answer Book 2011-12

Q&A guide deciphers today's complex mortgage regulatory requirements

NEW YORK, July 12, 2011 /PRNewswire-USNewswire/ -- Practising Law Institute (PLI) today announced the release of the new Mortgage Finance Regulation Answer Book 2011–12, authored and edited by seasoned practitioners at Patton Boggs LLP. The Q&A guide provides an overview of the many significant legal and regulatory federal guidelines that govern the mortgage finance business in the United States.

"The Mortgage Finance Regulation Answer Book provides what its name suggests – practical answers to important questions," writes Joe Murin, former President of Ginnie Mae, and Brian Montgomery, former Assistant Secretary of HUD and FHA Commissioner, in the book's foreword. "The information is readily accessible and understandable, both for legal and compliance personnel as well as management and other persons with interests in the mortgage industry."

The Q&A guide walks you through the regulations applicable to all the different steps of the mortgage application and issuance process, including those issued under the Real Estate Settlement Procedures Act (RESPA), the Home Mortgage Disclosure Act (HMDA), the Truth in Lending Act (TILA), the Fair Credit Reporting Act (FCRA) and many other statutes. It describes the impact of a bankruptcy filing, state law preemptions, and consumer privacy statutes.  The new book integrates coverage of the sweeping Dodd-Frank Act, which has created another level of complexity in the industry.  

Mortgage Finance Regulation Answer Book 2011–12 can be helpful to a wide range of users including practitioners in the area, lawyers who do not specialize in mortgage finance regulatory matters, non-lawyer participants in the mortgage finance area, lawyers and regulators outside the United States, and students of both law and business.

Richard J. Andreano, Jr., the book's editor-in-chief, has filled the guide with compliance suggestions that can help avoid or minimize client problems. The answer book will quickly become the "go-to" guide when it comes to understanding the current federal requirements and how they are interrelated.

The single volume Mortgage Finance Regulation Answer Book 2011–12 is $235 from Practising Law Institute and is available here, and on Amazon.com in both print and Kindle editions.  

About the Editors

Richard J. Andreano, Jr., John D. Socknat, and Michael S. Waldron are partners in the mortgage banking, financial services and products, and banking and financial institutions practice areas at Patton Boggs, a full-service firm based in Washington, D.C.  

Mr. Andreano, based in the firm's Washington, D.C. office, advises lenders, brokers, home builders, title companies, real estate professionals and other settlement providers regarding regulatory compliance and transactional matters, Federal Housing Administration (FHA) issues, as well as administrative enforcement actions and investigations.

Mr.  Socknat, also based in the firm's Washington, D.C. office, advises his clients, who include mortgage and consumer finance companies, financial institutions, title companies, real estate brokers, and secondary market investors, on compliance and licensing matters under state and federal law.  

Mr. Waldron, based in the firm's Dallas, TX office, is a former in-house counsel for two national lender/servicing shops. With an insider's perspective, he draws on his experience in-house to advise and represent mortgage companies, financial institutions and secondary market investors on the complexities of the current marketplace.

About PLI

Practising Law Institute (PLI) is a non-profit continuing legal education organization dedicated to providing the legal community with the most up-to-date information available. Founded in 1933, PLI has a continuing mission to enhance the professionalism of attorneys and other qualified persons by providing the highest quality and most innovative programs. PLI also offers one-hour briefings, online CLE, publications, and other services to enable attorneys to practice competently and ethically, as well as to fulfill pro bono responsibilities. PLI offers more than 300 programs annually in locations across the United States, including live webcasts, interactive multimedia, web programs, course handbooks, and annually supplemented treatises and answer books. In addition, PLI annually awards more than 3,000 full and partial scholarships to its programs. Learn more about PLI at www.pli.edu.

SOURCE Practising Law Institute