Replay of NAMB FHA Webinar - Explaining RESPA/ GFE Reform

Mortgage and Lending with Cognicorp Mortgage Banking Advisory

For those of you unable to attend or listen, attached is the 12/1/2009 video webinar hosted by NAMB addressing three main areas of regulation and updates that mortgage brokers must be aware of and be prepared for 2010.

The purpose of this particular NAMB / HUD webinar is to give mortgage brokers a high level overview of the general changes that they need to be aware of.

Expert Panel:

  • Vicki Bott – HUD Deputy Assistant Secretary of Single Family Housing
  • Roy DeLoach – NAMB CEO
  • Tony Gallegos - Mortgage U – Director of Advisory Services and Consulting
  • Alice Alvey – Mortgage U – President

There were a few technical difficulties due to the amount of participants (over 3000) that overloaded the lines, so there were a few spots in which we had a few delays and the sound quality was not crystal clear, but it did remain audible and readily understandable.  

While an hour is obviously not nearly enough time to address anything in great detail, the objective was to stimulate conversation and questions NAMB officials can use to fully represent the mortgage broker channel with HUD and elected officials in Washington DC.

Your questions and concerns are very important to NAMB, so please feel free sharing your thoughts in the comment section at the bottom of the following hyperlink page:

NAMB Comments

In addition, NAMB will be holding additional webinars over the next two months that drill down these topics and your questions in greater detail.

Below is a video bullet outline that provides you a minute marker guide that references specific topics within the video time table.

Hint: Go directly to 9:42 minute mark to skip introductions.

Video Minute Markers:

00:00 – Introductions

09:42 – RESPA / GFE Updates

11:35 – Effective Dates

12:33 – GFE Triggers

14:38 – GFE Notice Requirements

18:02 – GFE Block 1

22:21 – GFE Block 1 Questions

23:14 – GFE Line Block 2

25:01 – Float to Lock Scenario

36:32 – GFE Page 2

40:03 – Which Charges Can Increase?

44:15 – RESPA/GFE Q&A

47:30 – Message From Credit Technologies

52:16 – FHA Appraisal Policy

59:55 - FHA Broker Approval / Mini-Eagle

Not to be forgotten, both Mark Green at Top of Mind and Mark Madsen are the unsung hero's in making organizing and committing tremendous resources in bringing these educational webinars to the originator community.

Comments (3)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Tony,

Thank you for an informative and helpful article.

John Pusa

Dec 02, 2009 04:12 PM
Rich Jacobson
Fathom Realty West Sound - Poulsbo, WA
Your Kitsap County WA Real Estate Broker

Wow! September to December! That's quite a long dry spell in the Rain, my friend! Nice to see your face pop up on my subscription list!....

Dec 02, 2009 07:02 PM
John Occhi
AZ Veteran Notary Services - Marana, AZ
Mobile Notary Public/Certified Loan Signing Agent

Thank you for this post.  I have just written my own on the new RESPA rules and even went ahead and created a group, just for RESPA posts, like this one.

Would you please consider joining this new group and adding this post to the group.

Thank you in advance,


Jan 02, 2010 06:36 AM