Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers-and-shakers in the mortgage industry. Our 40th episode features Richard J. Andreano, Jr., Partner, Ballard Spahr. This episode covers a variety of topics including:
4:15 - Let’s start with your background. What led you into the legal field, and specifically to the world of financial markets, mortgage and regulation?
6:41 - What has been the biggest challenge for you during the pandemic?
9:24 - Regulation in the industry has obviously changed quite a bit over the past few decades – what is perhaps the most under-appreciated law/case/regulatory action that has had a major impact on the industry in that time?
13:03 - Where do we stand with the legal challenges to the CFPB?
17:37 - What do you anticipate the CFPB’s agenda to look like next year? How might that change if we have a President Biden or President Trump?
20:56 - Where are we at with QM/GSE patch? What impact on the industry next year?
24:04 - What can/should lenders do now to be ready for the next year’s priorities from the CFPB?
29:34 - How crucial are industry advocacy efforts right now, both at the state/national level (California MBA and the MBA)?
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