6;Reverse Mortgages: What to Consider Before Developing,
Marketing, and Originating Them

By PhilliP R. “Rick” FReeR, cRcM, and calvin R. hagins, cRcM, cRP, aMlP

Regardless of what you have heard or may think, financial institutions are offering both government-insured and proprietary versions of the reverse mortgage product in greater numbers. With the ever-increasing number of baby boomers reaching senior-citizen status, many financial institutions are wondering whether it makes sense to offer it. Whether a reverse mortgage product is a good idea for your financial institution and customers we will leave for you to decide.

12 Hijacked! Defending Your Corporate Customers By doug Johnson, Bill nelson, and Michael heRd

The frantic call from the small business owner came in first thing Monday morning. Reviewing his corporate bank account online over the weekend he noticed a number of unauthorized automated transfers. Over $100,000 had been withdrawn from his account in the span of 30 minutes the previous Friday. The owner recalled accessing his bank account early that afternoon, but indicated he went online only to see if a credit had cleared. After logging on, the site notified him that it was temporarily down. How could someone else have used his credentials?

18 Managing Fair Lending Risk in
Wholesale Mortgage Pricing

By Melanie hiBBs BRody and RichaRd R. Pace

DePartMeNts
Compliance Management 4

By caRl g. PRy, cRcM

One of the thorniest fair lending compliance issues confronting banks and other mortgage lending institutions is whether to monitor wholesale loans—i.e., loans originated by mortgage brokers—for disparities in pricing by race or national origin. Historically many small and even some large institutions opted against monitoring wholesale loans. This article examines why monitoring fair lending with wholesale loans is a good practice from a compliance standpoint.

The Other side

By stu lehR, cRcM

regulatory insider 34 regulatory development Table 36 resources 38 Continuing education Quiz 40

26 Navigating TARP Funding
By williaM w. RudolPh

Organizations and institutions need to understand the various TARP programs, the responsibilities of the various agencies and oversight bodies, and their potential obligations under the programs. This article will look at basics of the various TARP programs; focus on significant funding allotted; specifics of the programs that include fraud and misconduct risk; an overview of the regulatory agencies/oversight bodies and their missions; and an overview of reports issued thus far identifying potential areas of concern in terms of fraud, misconduct, and oversight.