How To Prepare For The Foreclosure Moratorium To End On July 31

with
Daniel Cotter
On-Demand
From $149.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Legal expert Daniel Cotter will explain how the end of the foreclosure moratorium will affect your financial institution. You will learn how to prepare now for July 31.

What You'll Learn

  • What impact does the pandemic continue to have on defaults?
  • What should you do when the moratorium on home foreclosures ends?
  • How do student loan debt protections affect financial institutions?
  • What will increased defaults mean for your institution?

Training Overview

Prepare for a wave of defaults on July 31. Discover how to handle the ensuing defaults.

On June 24, the Biden administration announced that “Three federal agencies that back mortgages – the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), and Department of Agriculture (USDA) – will extend their respective foreclosure moratorium for one, final month, until July 31, 2021. The Federal Housing Finance Agency (FHFA) will also announce that it has extended the foreclosure moratorium for mortgages backed by Fannie Mae and Freddie Mac until July 31, 2021.” The White House emphasized that this is the final extension.

With this clear end to the ban on foreclosures, you need to prepare immediately for the wave of defaults that will follow. Your institution faces increased risk and a frenzy of activity with this deadline looming. You must also understand the final rule for the FDCPA.

  • What impact does the pandemic continue to have on defaults?
  • What should you do when the moratorium on home foreclosures ends?
  • How do student loan debt protections affect financial institutions?
  • What will increased defaults mean for your institution?

Who Should Attend?

  • Chief executives

  • Board members

  • Senior management

  • Compliance officers

  • Auditors

  • Managers

  • Loan officers

  • Loan processors

  • Marketing staff

Expert Presenter

Daniel Cotter

  • Attorney and counselor with Howard & Howard in Chicago, Illinois

  • Spent almost 17 years in-house at insurance organizations, focusing on insurance, regulatory, technology, IT, compliance, and transactional matters

  • Worked as an accountant at CAN Financial for over five years

  • Previously an adjunct professor at The John Marshall Law School, teaching Insurance Law, Accounting for Lawyers, and SCOTUS Judicial Biography

  • Completed the Illinois CPA exam

  • Author of The Chief Justices, published in 2019

  • B.A. in accounting from Monmouth College

  • Graduated from The John Marshall Law School

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