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PRESS RELEASE

For Immediate Release


MortgageDaily.com continues its relationship with Patton Bogg's new mortgage banking group


DALLAS -- (Aug. 7, 2009) Patton Boggs LLP's recently acquired mortgage banking legal team is continuing its relationship with MortgageDaily.com, a dominant online news publication for the mortgage industry. The team of six lawyers, practicing in both the Washington, D.C., and Dallas offices, will provide insight on emerging trends in the financial sector, pressing issues affecting industry professionals nationwide and analysis of key legislation and government regulations.

The Mortgage Banking Group, which includes partners Richard Andreano, John Socknat and Michael Waldron, as well as associates Reid Herlihy, Heather Hutchings and Haydn Richards, was lured away from Weiner Brodsky Sidman Kider in early August. Having worked with MortgageDaily.com before, the practice group plans to carry on the tradition of enhancing the publication's news content with insightful opinions and industry analysis in the lending, secondary market and default servicing space.

"Through this partnership, Patton Boggs will continue down the path of top-notch client service," said Stuart M. Pape, managing partner of Patton Boggs. "With the ever-changing mortgage banking landscape, it's important for clients to stay abreast of the latest issues affecting their bottom line, and we're providing them value by doing this service to the industry."

Consistent with guidance provided by the group to MortgageDaily.com in the past, topics will include:
  • The Truth in Lending Act (TILA) rule changes that are effective October 1, 2009.

  • The Home Mortgage Disclosure Act rule changes that are effective October 1, 2009.

  • The Real Estate Settlement Procedures Act (RESPA) rule changes that are effective January 1, 2010, including the long-anticipated guidance from the Department of Housing and Urban Development (HUD) on the RESPA rule changes.

  • The major proposed revisions to the TILA rules governing both closed-end mortgages and home equity lines of credit. The Federal Reserve Board proposed the changes on July 23, 2009. There will be a 120-day comment period from the date the proposals are published in the Federal Register.

  • State licensing requirements for lenders, servicers and brokers, including obligations imposed by the S.A.F.E. Act.

  • Trends in enforcement and regulation at the state level, such as Model Examination Guidelines designed by the Conference of State Bank Supervisors (CSBS) and being adopted by various states.

Other topics will include matters such as identity theft/red flags and other issues under the Fair Credit Reporting Act (including FACTA), Federal Trade Commission (FTC) rulemaking and enforcement matters regarding the mortgage industry, and information privacy and safeguarding matters under the Gramm Leach Bliley Act.

In addition, Patton Boggs' Mortgage Banking Litigation Team -- led by Patrick McManemin -- will continue to offer the historically successful Quarterly Litigation Overview, an analysis based on active industry-related cases that range from national class actions to single plaintiff cases. Through this update, the firm's best-in-class litigation team assists clients and industry members with mitigating risks through the tracking of trends and issues.

"By working together, we're being proactive in providing the industry with an unmatched, value-added service," said Sam Garcia, Publisher of MortgageDaily.com. "Both of these components provide our audience with risk management and preventative strategies in regards to the issues they're currently facing in the marketplace."

In addition to MortgageDaily.com's audience benefiting from the Mortgage Banking Group's expertise and insight, Patton Boggs' clients will get discounted access to news subscriptions. This continued relationship will also continue to foster Webinars and jointly-sponsored conferences, as well as mortgage industry Podcasts.



About MortgageDaily.com
Founded in 1998, http://www.MortgageDaily.com provides online mortgage news and analysis for the mortgage industry.
Around 1 million news pages are viewed monthly at MortgageDaily.com and its affiliate publications.

About Patton Boggs LLP
Based in Washington, D.C., Patton Boggs is a leader in public policy, litigation and business law, and is well known for its deep bipartisan roots in the U.S. political arena. The firm's core practice areas are public policy and regulatory, litigation, business and intellectual property. With offices in New York, New Jersey, Dallas, Denver, Anchorage, Northern Virginia and internationally in Doha, Qatar and Abu Dhabi, United Arab Emirates, more than 600 lawyers and professionals provide comprehensive, practical, and cost-effective legal counsel to clients around the globe. For more information, visit us at www.pattonboggs.com.


CONTACT:
Sam Garcia
Publisher
mtgsam@aol.com
214.521.1300
3811-700 Turtle Creek Blvd.
Dallas, TX 75219


Source: MortgageDaily.com


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