Associate Vice President and Regulatory Counsel
Mortgage Bankers Association
Ken Markison is Associate Vice President and Regulatory Counsel at the Mortgage Bankers Association (MBA), where he works on a very wide range of mortgage lending issues. These include matters under the Housing and Economic Recovery Act of 2008 (HERA), the Real Estate Settlement Procedures Act (RESPA), the Home Mortgage Disclosure Act (HMDA), the Truth in Lending and Home Ownership and Equity Protection Acts, laws governing Fannie Mae and Freddie Mac, as well as other housing, fair lending, consumer protection and anti-predatory lending laws.
He joined MBA in July 2004 following his retirement from a 33 year career with the Federal government. At the time of his retirement, he served as Assistant General Counsel for Government Sponsored Enterprises/RESPA in the Office of General Counsel of the Department of Housing and Urban Development (HUD). Markison was one of the principal architects of HUD's 2002 proposed RESPA Reform Rule and HUD's Fannie Mae and Freddie Mac regulations.
Markison received his bachelor's degree and his law degree with honors from George Washington University. He is a frequent speaker on mortgage lending issues.
Regulatory Change – Impacts Today and on the Horizon
QM, QRM and CFPB are just a few of the new additions to Washington’s financial reform initiatives, regulations and legislation. Controversial reform strategies and tactics are generating big changes for our government, the financial and banking industries and each American homeowner and taxpayer.
Ken Markison is deeply engaged in the issues, solution strategies and what they can or will mean to all of us. As part of this important industry, Ken will update us on the evolving debates and potential resulting impacts to the way the banking and mortgage industry works now and on the horizon.
Topics covered will include the following and more:
- QM - Federal Reserve issued its proposed Ability to Repay and Qualified Mortgage rule which defines a "qualified mortgage" (or QM) on April 19, with a July 22 comment due date.
- QRM - “Qualifying residential mortgages” provision of the financial reform legislation will likely have a huge impact on what sort of loans lenders offer, and to whom. Mortgages that don’t qualify are expected to be more expensive and harder for average consumers to get.
- CFPB - Consumer Financial Protection Bureau – one of the most far-reaching pieces of bank reform law passed by Washington this year and still under heavy debate. The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
Join us for this important, informative Keynote Session.