Stevens & Lee Hosts Mortgage Compliance Seminar for Mortgage Banking Professionals

VALLEY FORGE, PA, February 23, 2010 – Paul H. Schieber and Steven J. Adams, Shareholders of Stevens & Lee, and Kenneth Maher, Managing Director of Pinnacle Risk Services, Inc., presented the latest developments in the mortgage industry at a seminar held January 14, 2010 in King of Prussia.

Addressing an audience of more than 100 consumer lenders and mortgage banking professionals, the speakers discussed the unprecedented wave of new regulatory requirements that are reshaping the consumer mortgage industry. These included the Mortgage Disclosure Improvement Act amendments to Regulation Z of the Truth in Lending Act, HUD’s changes to Regulation X of the Real Estate Settlement Procedures Act and the Home Valuation Code of Conduct and related FHA appraisal developments. The speakers presented recent privacy and data initiatives, discussed dealing with federal and state regulators and current trends in consumer financial services litigation. A primer on mortgage banking E&O liability insurance was also presented.

ABOUT THE PRESENTERS

Paul H. Schieber concentrates his practice in consumer financial services and retail banking. He represents banks, thrifts, credit unions, mortgage companies, finance companies, mortgage insurance companies, universities, secondary market investors, real estate and title insurance companies, and other financial services providers. Mr. Schieber 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.

Steven J. Adams represents major financial institutions and mortgage servicers in all aspects of consumer financial services litigation, including complex foreclosure proceedings and defending financial institutions and servicers against consumer claims arising under the Truth in Lending Act, the Real Estate Settlement and Procedures Act and other federal statutes, as well as state law claims arising under various state consumer protection statutes.

Kenneth M. Maher has more than 30 years of industry experience in risk management consulting, insurance brokerage and claims management. He was Chief Risk Officer for one of the country’s largest financial institutions, responsible for corporate risk management, insurance, claims management, corporate security and executive protection.

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