Paul H. Schieber Presents on Developments to Real Estate Settlement Procedures Act

PHILADELPHIA, PA, December 20, 2010 – Paul H. Schieber, a Shareholder of Stevens & Lee, presented “Latest HUD Guidance on Home Warranty Contracts and Warehouse Lending Arrangements,” at a webinar sponsored by AllRegs Academy, held December 7, 2010.

Addressing mortgage professionals from around the country, Mr. Schieber reviewed the recent U.S. Department of Housing and Urban Development’s (HUD) notices on the Real Estate Settlement Procedures Act (RESPA) application to warehouse lending and other funding arrangements, as well as the application of HUD’s advisory on home warranty sales to various real estate agent and other marketing arrangements. He said that HUD’s new guidance will require “game changing” modifications to lender, real estate, agent, title agency and other residential real estate professionals’ ways of doing business.

Mr. Schieber represents banks, thrifts, credit unions, mortgage companies, finance companies, mortgage insurance companies and other financial services providers across the country, with particular focus on consumer finance regulatory compliance and litigation defense.

He is widely published on banking and finance issues in both business and legal publications and is the co-author of The Lender’s Guide to Consumer Compliance and Anti-Discrimination Laws, co-author of the six volume Pratt’s State Regulation of Second Mortgages and Home Equity Loans and is the original author of the Allregs© State Law Compliance Module.

He is chair of the Business Law Section of the Pennsylvania Bar Association and former chair of the Consumer Financial Services Committee of the Philadelphia and Pennsylvania Bar Associations.

Prior to entering private practice in 1986, Mr. Schieber served as the executive director of the Public Housing Authorities Directors Association in Washington, D.C. He was also a legislative assistant in Governor Hugh Carey’s New York State Office of Federal Affairs and to Congressman James Scheuer.

Mr. Schieber received a J.D. from the Catholic University of America Columbus School of Law, an M.A. from the State University of New York at Stony Brook, a B.A. from Columbia University and a B.H.L. from the Jewish Theological Seminary.