Richard J. Andreano, Jr., is the Practice Leader of Ballard Spahr's Mortgage Banking Group. He has devoted 30 years of practice to financial services, mortgage banking, and consumer finance law.
Mr. Andreano advises banks, lenders, brokers, home builders, title companies, real estate professionals, and other settlement providers on regulatory compliance and transactional matters, Federal Housing Administration (FHA) issues, and administrative examinations, enforcement actions and investigations. He also works with litigation counsel on devising strategies for defense of class action and other lawsuits involving regulatory claims. Mr. Andreano is the principal contact for the firm in its role as federal consumer regulatory counsel to the Real Estate Services Providers Council, Inc. (RESPRO).
Mr. Andreano counsels settlement service providers on issues concerning the Dodd-Frank Wall Street Reform and Consumer Protection Act, Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Housing Act, Fair Credit Reporting Act (including FACTA), Home Mortgage Disclosure Act (HMDA), and Gramm-Leach-Bliley Act. He assists clients with preparing for and handling CFPB examinations and with a variety of regulatory issues, including issues relating to the implementation and compliance with Consumer Financial Protection Bureau mortgage rules, origination and servicing practices, loan originator and branch manager compensation, disclosures, marketing services and similar agreements, affiliated business arrangements and service arrangements. Mr. Andreano previously served as an analyst for the National Association of Securities Dealers.
Mr. Andreano is author of the MBA Compliance Essentials Loan Originator Compensation Rule Resource Guide and co-author of the MBA Compliance Essentials TILA RESPA Integrated Disclosure (TRID) Resource Guide. He is Editor-in-Chief of Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; author of its chapters on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act; and co-author of its Equal Credit Opportunity Act and Truth in Lending Act chapters.
More Legal and Business Bylines From Richard J. Andreano, Jr.
- VA Provides Interim Guidance On The Blue Water Navy Vietnam Veterans Act Of 2019 - (Posted On Friday, August 23, 2019)
- VA Issues Guidance on IRRRL Requirements - (Posted On Thursday, August 22, 2019)
- HUD Publishes Proposed Revisions To Disparate Impact Rule - (Posted On Monday, August 19, 2019)
- HUD Throws in the Towel on Down Payment Assistance Revisions - (Posted On Thursday, August 15, 2019)
- A Little More COFI - (Posted On Thursday, August 08, 2019)
- CFPB Seeks Comment on Replacing Temporary GSE Patch Under Ability-to-Repay Rule - (Posted On Thursday, August 08, 2019)
- Proposed Changes to HUD Disparate Impact Rule Would Create New Burden-Shifting Framework to Reflect Inclusive Communities - (Posted On Monday, August 05, 2019)
- CFPB Updates TRID Rule FAQs to Address Providing a Loan Estimate to Consumers - (Posted On Friday, August 02, 2019)
- HUD Reduces Maximum LTV for FHA Cash-Out Refinance Loans - (Posted On Thursday, August 01, 2019)
- CFPB Reopens HMDA Proposed Rule Comment Period - (Posted On Thursday, August 01, 2019)