In response to the subprime credit crisis plaguing our country, federal and state regulators have been rapidly drafting legislation to regulate the industry while enforcement agencies continue to conduct formal and informal investigations. Additionally, cities suffering from mass foreclosures, most notably Cleveland, Baltimore, and Buffalo, are taking action and suing lenders claiming, for example, that certain subprime lending practices created a public nuisance that hurt property values and city tax collections

In this two-and-a-half-hour webcast, West Legalworks has put together a panel of experts, including representatives from the SEC and the City of Cleveland, to help you navigate your way through existing and pending Federal and State legislation. Our faculty will also provide you with best practices for responding against enforcement actions. Topics to be covered include:

New regulatory initiatives affecting the mortgage market
New and emerging targets of federal and state enforcement actions
Civil actions brought by governmental agencies and entities (e.g., City of Cleveland)
Federal and state legislative update
How the Federal Reserve's pro-active steps to relieve the credit crunch will affect lenders
Status of the Mortgage Forgiveness Debt Relief bill
Outlook for federal anti-predatory lending legislation
Tips and strategies for SEC and FINRA investigations


Practice Areas:		Banking & Finance Law, Litigation & Appeals, Real Estate Law, Subprime Lending

Online Media Type:		Audio

Production Date:		04/16/2008 1:00 PM EDT

Level:		Intermediate

Category:		Standard

Duration:		2 Hours, 30 Minutes

Online Format:		Live

Course Type:		Public

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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.

West LegalEdcenter will not provide accreditation for states not listed.

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Total Credits: 2.5

Specialty Credits:

Status: Reciprocal Credit Available

Expiration: N/A

Training Type: Online

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Speakers:

•	Alison T. Conn - Branch Chief, New York Regional Office, Securities & Exchange Commission, New York, NY
•	Joshua Ri Cohen - Partner, Cohen Rosenthal & Kramer LLP, Cleveland, OH. Mr. Cohen is leading the lawsuits that the City of Cleveland has filed against 21 banks.
•	Timothy G. Sekerak - House Counsel, State of Washington House of Representatives
•	Gary S. Singletary - Assistant Director of Law, City of Cleveland, Cleveland, OH
•	Thomas F. Nealon, III - Group General Counsel, Real Estate Finance & Servicing Group, LNR Partners, Inc., Miami Beach, FL; Co-Author, Mortgage and Asset Backed Securities Litigation (Thomson West, March 2008)
•	Hon. Chris Bell - Former U. S. Congressman (D-TX), of Counsel, Patton Boggs LLP, Dallas, TX
•	Talcott J. Franklin - Partner, Patton Boggs LLP, Dallas, TX; Co-Author, Mortgage and Asset Backed Securities Litigation (West March 2008)
•	Todd L. Cranford - Former Senior Counsel to the U.S. House of Representatives Committee on Financial Services, of Counsel, Patton Boggs LLP, Washington, DC


	This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.