2010 Update Mortgage Loan Modifications, Foreclosure & Foreclosure Alternatives

This program is intended especially for California credit unions.

A year ago, credit unions were struggling to understand and follow the rules governing mortgage loan modifications and foreclosures, and on April 7, 2009, we addressed those topics in an eTrain webinar presented by Bruce Pearson and Betsy Bayer from the Law Firm of Styskal, Wiese & Melchione.

Since that time California’s mortgage default problems have not changed drastically, but what about the rules, policies, or procedures that govern how you handle defaults? Join Mr. Pearson and Ms. Bayer as they revisit mortgage modifications and foreclosures and update you on current rules, issues, and concerns.

You’ll get the latest information about:

• Loan Modification, Alternative to Foreclosure and Foreclosure Overview and Update
• What are Strategic Defaults? Who are the strategic defaulters?
• Qualifying Written Requests
• California Foreclosure Law
• Pending California Legislation – Loan Modifications and Foreclosure
• Alternatives to Foreclosure
• Regulatory Views and Concerns
• Post Foreclosure Sale/REO Issues

Who Should Attend?
California credit union professionals with these responsibilities:

• Real Estate Lending
• Consumer Lending
• Collections
• Compliance
• CEO
• CFO
• Accounting
• Operations

Meet the presenters:
Bruce A. Pearson is an attorney and partner at the Law Firm of Styskal, Wiese & Melchione. Mr. Pearson’s representation of the firm’s credit union clients focuses on corporate governance, fiduciary responsibilities, credit union regulatory examination matters, field of membership issues, insurance coverage, real estate related issues, and negotiable instruments laws.  Mr. Pearson’s past credit union work experience provides the firm’s clients with a valuable “in the trenches” perspective.

Betsy A. Bayer, Certified Regulatory Compliance Manager (CRCM), is the senior paralegal at Styskal, Wiese & Melchione. Her 24 years of financial service experience brings together many facets to assist the firm’s attorneys and clients on matters related to consumer and regulatory compliance matters, real estate related issues, lending and deposit operations issues, in addition to matters related to the Bank Secrecy Act.

Investment per Internet/phone connection (live or recorded):
$169    Member credit unions
$299    Non-member credit unions

Save $50! Order the live webinar and its archived recorded version at the same time!
Member CU:           $288
Non-Member CU:   $548

Don't miss a minute of the exciting eTrain webinar series! For more information about upcoming programs, please email your questions to eTrain@ccul.org or call 800.472.1702 and select option 2.

Financial Assistance: Credit unions in need of financial assistance in order to participate are encouraged to check with their state league for scholarship opportunities.

Cancellation Policy: Cancellations must be made at least two (2) days prior to the seminar date to be eligible for a refund. No refund will be granted for cancellations received less than two days before the seminar. Replacements are always welcome to attend.

Approximately two days before the webinar, we will e-mail you instructions on how to participate, including the eTrain program’s link.

eTrain webinars are a convenient and cost effective way of bringing quality education to your credit union, using your Internet connection. All you need to attend is:

• Microsoft® Windows® XP Professional or Home Edition with Service Pact 2 or Windows Vista®
• Internet Explorer 6 or 7 or Mozilla Firefox 1.05.04
• Adobe® Flash® Player 8 or 9
• Broadband connection
• A separate telephone line for audio
• Cookies enabled in your web browser
  This plug-in will automatically install when you perform your trial connection prior to the day of the webinar.