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NEW RESPA REGULATIONS FOCUS OF NATIONWIDE TELECONFERENCE

    WASHINGTON, Nov. 16 ~PRNewswire~ -- The Department of Housing a nd Urban Development (HUD) published new regulations this month, under the Real Estate Settlement Procedures Act (RESPA), that will dramatically affect residential real estate transactions across the nation.  For example, the new regulations expand the coverage of RESPA, require new disclosures and permit employers to pay employees for referring business to affiliates.  The new rules could result in higher closing costs on home loans.
    To explain in detail how the rules will affect mortgage professionals, the National Association of Mortgage Brokers (NAMB) today announced a live nationwide video teleconference to be broadcast from Washington on Tuesday, Nov. 24.  The panel of experts will explain the new RESPA rules.
    Featured speakers will be Laurence E. Platt, J.D., of Brownstein, Zeidman and Lore, and James A. Brodsky, J.D., of Weiner Brodsky Sidman & Kider, both prestigious Washington law firms; Grant E. Mitchell, senior attorney with HUD; David R. Williamson, director, Office of RESPA Enforcement, HUD; H.A. "Tony" Davis, president of NAMB; Mary J. Burt, NAMB's director of government relations; and Michael J. Hoogendyk, NAMB's EVP~executive director.
    Participants in 17 cities across the country will be able to ask questions of the experts.
    Registration fees range from $75-$145.  For registration information, call 602-992-6181.
    The National Association of Mortgage Brokers is a 501(c)(6) not- for-profit professional society incorporated in 1973.  NAMB provides educational, legislative and networking services to residential and commercial mortgage brokers across the nation.  All members adhere to a strict code of business ethics which governs their daily activity. Through its national professional members and affiliated organizations, NAMB now represents over 5,500 small business members across the nation.  Mortgage brokers are estimated to originate over one-half of all residential mortgages in the nation.
                             VENUE SITES
    Arizona:  Phoenix -- Arizona Biltmore Resort, 24th Street and Missouri.
    Colorado:  Denver -- Sheraton Inn Airport, 3535 Quebec.
    Florida:  Ft. Lauderdale -- Ft. Lauderdale Marina Marriott, 1881 S.E. 17th St.; Orlando -- Orlando Marriott, 8001 International Drive; Tampa -- Tampa Airport Marriott, Tampa Airport.
    Georgia:  Atlanta -- Atlanta Airport Marriott, 4711 Best Road, College Park.
    Illinois:  Chicago -- O'Hare Marriott, 8535 W. Higgins.
    Massachusetts:  Newton -- Newton Marriott Hotel, 2345 Commonwealth Ave.
    Michigan:  Detroit -- Detroit Airport Marriott, Detroit Metro Airport.
    New York:  New York City -- Ramada Hotel LaGuardia, 90-10 Grand Central Parkway, East Elmhurst; Buffalo -- Buffalo Marriott, 1340 Millersport Highway, Amherst.
    North Carolina:  Raleigh -- Research Triangle Marriott, 3415 Wake Forest Road.
    Ohio:  Cleveland -- Cleveland Airport Marriott, 4277 W. 150th St.
    Oregon:  Portland -- Eugene Hilton, 66 E. 6th Ave., Eugene.
    Texas:  Dallas -- Ft. Worth Airport Marriott, 8440 Freeport Parkway, Irving.
    Washington:  Seattle -- Red Lion Hotel, 18740 Pacific Highway South.
    Washington, D.C., area:  Rockville, Md. -- Holiday Inn Crowne Plaza, 1750 Rockville Pike.
    NOTE:  Reporters are not required to register.
    -0-             11~16~92
    CONTACT:  Mary J. Burt, Esq., director of government relations, 202-408-6891, or Michael J. Hoogendyk, EVP~executive director, 602-992-6181, both of the National Association of Mortgage Brokers CO:  NATIONAL ASSOCIATION OF MORTGAGE BROKERS IN:  FIN ST:  DC


-- DC013 -- X203 11~16~92
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Date:Nov 16, 1992
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