Buckley Sandler Webcast: What's Ahead in Fair Lending: Understanding the Government's "Pattern or Practice" in Fair Lending Supervision and Enforcement for Mortgage Lenders
In the immediate aftermath of the financial crisis, fair lending supervision and enforcement centered primarily on pricing discrimination and steering rather than access to credit. The home finance market stabilized post-crisis, in part through simplification of mortgage products, lenders’ return to core markets, and tightened underwriting standards. At the same time, servicers were faced with large loss mitigation portfolios. The shift in the mortgage market and the challenges associated with default servicing has focused regulatory and enforcement attention on redlining, underwriting disparities, and fair servicing issues. While these issues are not new, regulators and enforcement agencies are approaching them with different standards and expectations—including that lenders achieve statistical equivalence with peers in order to avoid redlining scrutiny or reduce discretion in aspects of credit transactions that inherently require some subjectivity. Recent supervisory and enforcement activity provides some guideposts for institutions working to ensure that their lending and servicing operations are keeping up with regulatory expectations.
Join Buckley Sandler partners – Valerie Hletko, Andrea Mitchell, and Jonice Gray Tucker – for an update on recent trends in redlining, underwriting, and fair servicing and a discussion on the steps to stay current, reduce risk, and meet regulatory expectations in 2016 and beyond.
Who Should Attend: This webcast will be of particular interest to in-house legal, compliance, and risk management personnel at banks and other financial services providers.
When: Tuesday, February 2, 2016 from 2:30 to 3:30 pm ET.
Registration is required. Please, no outside law firms, government agency personnel, consulting firms, or media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webcast.