A 3.25 CLE credit course presented by Attorneys' Title Guaranty Fund, Inc.

Hosted by the University of Illinois College of Law

You can access the video of the conference here...

Attorneys' Title Guaranty Fund, Inc. (ATG) and the University of Illinois College of Law hosted a 3.25 CLE credit course, "America's Mortgage Crisis: Looking Out for Your Client" on Friday, October 10 in the Max L. Rowe Auditorium. The course was attended by practicing attorneys and College of Law students in Professor Ward McDonald's Real Estate Law class. Presenters were Professor Christine Hurt, the Co-Director of the College of Law's Program in Business Law and Policy; The Honorable Thomas Perkins, Chief Judge, U.S. Bankruptcy Court, Central District of Illinois; and, Ralph Schumann, a real-estate attorney in Elk Grove Village and the President of the Illinois Real Estate Lawyers Association (IRELA).

The course opened with a look at the origins of the sub-prime mortgage crisis, including an analysis of the secondary mortgage market, the critical role of investment banks and credit rating agencies, and the role of the mortgage servicer. The course then probed how the government and real estate industry are responding, looking at H.R. 3221, the role of Fannie Mae and Freddie Mac, proposed HUD rules, the Illinois Anti-Predatory Lending Database Program, and industry changes. The course concluded with a session on what attorneys can do to help clients facing foreclosure, presenting defenses to foreclosure and short sale strategies.

The University of Illinois College of Law was delighted to provide this opportunity for CLE credit to practicing attorneys, Illinois alumni, and friends during the 98th Homecoming weekend on the University of Illinois campus. ATG hosted a reception in the Peer and Sarah Pedersen Pavilion at the College of Law immediately following the CLE course.