New York, NY, May 13, 2015 –(PR.com)– The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Colleen H. McDonald, Partner, Reed Smith LLP will speak at the Knowledge Group’s webcast entitled: “The CFPB’s Mortgage Servicing Transfers Guidance: A 2015 Perspective LIVE Webcast.” This event is scheduled for May 27, 2015 from 12:00pm – 2:00pm (ET).
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About Colleen H. McDonald
Colleen is a member of the Financial Industry Group, specializing in securitization, structured finance, commercial finance transactions and complex financial products. Colleen advises financial institutions regarding the acquisition and sale of a variety of assets primarily involving newly originated, seasoned and distressed residential mortgage loan pools, including conventional, government insured and jumbo mortgage loans, on both servicing retained and servicing released bases, and pools of mortgage servicing rights relating to residential mortgage loans. She also has expertise in sales of loans to agencies and agency securitizations (agency swaps) and with warehouse arrangements for Conventional, government insured and jumbo mortgage loans.
Colleen’s securitization expertise includes residential mortgage-back securities and she has advised sellers, servicers and investors regarding structuring, servicing and administering private securitizations and securitizations with Freddie Mac, Fannie Mae and Ginnie Mae. Colleen’s securitization experience also includes motor vehicle loans and leases (including titling trusts), equipment leases, credit cards receivables, trade receivables and consumer loans in both the United States and Canada.
About Reed Smith LLP
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 25 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute-resolution services in multi-jurisdictional and high-stakes matters, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, technology and media, shipping, energy trade and commodities, real estate, manufacturing, and education. For more information, visit reedsmith.com.
In August 2014, the Bureau of Consumer Financial Protection (CFPB) issued a Bulletin providing advice on compliance and policy for residential mortgage servicers and sub-servicers which focuses on servicing transfers. The bulletin warns mortgage companies about their legal obligation to protect consumers throughout loan transfers between mortgage servicers, highlights the manner in which other servicing regulations are implicated during the servicing process, including loss mitigation requirements, and discusses the Bureau’s scrutiny on servicing transfers.
CFPB examinations will include reviews of compliance with the new servicing rule and policies and procedures with respect to servicing transfers. Among other things, the rule requires servicers to maintain policies and procedures that are reasonably designed to achieve the objectives of facilitating the transfer of information during the mortgage servicing transfer.
In a two hour, live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will review past regulations and discuss the latest CFPB Mortgage Servicing Transfers Guidance.
Key topics include:
· Overview and Introduction
· The CFPB Mortgage Servicing Rules and Guidance on Servicing Transfers
· Issues in Drafting Servicing Sale Agreements to insure continuance compliance and risk avoidance
· Specific Issues raised by CFPB Enforcement Actions
· Implementation and Industry best practices related to Mortgage Servicing Transfers to facilitate Compliance with CFPB/Regulatory Rules
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/
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