All these years after the mortgage meltdown, most well-informed Americans have yet to hear about the existence of the mortgage diversity industry
. The number of activists and academics employed by the mortgage diversity biz isn't huge, but it's not insignificant either. And it has a major impact on molding reporting on mortgage and diversity issues. Since all the self-proclaimed experts are rewarded for promoting more lending to the diverse, we get a one-sided view. This industry's conventions don't rival AIPAC's wingding,
but they're not insubstantial.
|| Dear Steve Sailer: The Lending Industry Diversity Conference and ComplianceTech are pleased to announce Bank of America as a Silver Sponsor of the 6th Annual Mortgage Lending Industry Strategic Markets and Diversity Conference to be held in the Washington, DC area on June 22-24, 2011 at the Westin Arlington Gateway Hotel, Arlington, Virginia (Ballston Metro stop). The Strategic Markets and Diversity Conference is a one of a kind forum for candid discussions on the interplay of workforce diversity, multicultural marketing, and how housing policies and practices influence minority homeownership outcomes. The bank has been a strong supporter of the conference for each of the past five years. We thank Bank of America for its display of leadership with regard to mortgage industry diversity and homeownership opportunity for all Americans.
Click Here to Register Online at the registration rate of $499.
The schedule at a glance is as follows:
June 22, 2011 3:00 pm -5:00 pm: Pre-Conference Workshop: Data Driven Solutions for Strategic and Responsible Lending
5:00 -7:00 pm Opening Reception
June 23, 2011
9:00 am - 10:15 am General Session I: The State of the Industry: Diversity & Section 342 of Dodd-Frank
10:30 am - 11:45 am: General Session II: Qualified Residential Mortgage (QRM) proposal and other Supply Side Impediments to furthering Strategic and Multi-Cultural Lending Activities
12:00pm - 1:45pm: Diversity Luncheon w/ Guest Speaker, Diversity Awards Ceremony
Session A: 2:00 pm - 3:00 pm: The 2010 Census: The Impact of Demographic Changes & Industry Statistics on Strategic and Responsible Lending
Session B: 2:00 pm - 3:00 pm: Fair Servicing Analysis and Standards
3:15 pm - 4:30 pm: General Session III: Life after HAMP
4:30 pm-5:15 pm: General Session IV: Beryl Satter, Author of Family Properties: Race, Real Estate, and the Exploitation of Black Urban America
5:15 pm - 7:30 pm Diversity Reception
June 24, 2011
9:00 am - 9:30 am: General Session V: Keynote Address: Consumer Financial Protection Bureau
9:30 am - 10:30 am: General Session VI: Regulatory Perspectives on Consumer Protection and Responsible Lending
10:45 am - 12:30 pm: General Session VII: Debate on National Homeownership policy: Impact on Affordable Housing & Minority Populations
Click Here to Register Online. Visit the conference website for more details: www.MortgageIndustryDiversity.com.
The hot topic is Rep. Maxine Water's Section 342 of the Dodd-Frank Act
, which requires hiring lots of diversity compliance officers who will then funnel money to others in the diversity industry.