America's Mortgage Crisis:
Looking Out for Your Client

in conjunction with

(see College of Law article)

PROGRAM SUMMARY:

This program will analyze America's mortgage crisis from the perspectives of a U.S. bankruptcy judge, a U of I College of Law business law professor, and a practicing real estate lawyer. The speakers will open with a look at the origins of the sub-prime mortgage crisis and how sub-prime lending expansion and over-selling the American Dream pushed the real estate market over the limit. They will analyze the secondary mortgage market, the critical role of investment banks and credit rating agencies, and the role of the mortgage servicer. The program will then probe the response of the government and real estate industry, the role of Fannie Mae and Freddie Mac, and take a look at H.R. 3221 and industry changes.

The program will look at current strategies you can use to assist clients facing foreclosure. Topics include the following:

• How the U.S. secondary mortgage market functions
• Why sub-prime lending went so wrong
• The role played by lenders and mortgage brokers
• Personal responsibility
• How the government and industry responded
• Proposed HUD rules
• Illinois Anti-Predatory Lending Database Program
• Other action that could/should be taken
• What attorneys can do to help clients facing foreclosure
• Defenses to foreclosure
• Short sale strategies
• How to expand the role of attorneys in residential real estate to reduce the risks inherent in today's market

The program will conclude with a look at current strategies you can use to assist clients facing foreclosure. The program is followed by a reception in the Pedersen Pavilion hosted by ATG.

Homecoming Tailgate | Saturday, October 11 Program Attendees and Guests: You are welcome to buy tickets from the College of Law for their Homecoming Tailgate Tent Party and Illini game tickets. Guests will enjoy a delicious brunch, musical entertainment from the Jeff Helgesen Jazz Trio, and a variety of beverages. The Tailgate Tent Party, located on Cribbet Field — adjacent to the College of Law Building and across the street from Memorial Stadium, opens from 8:30 a.m. to the 11:00 a.m. kickoff of the U of I vs. Minnesota game. See flyer. For ticket purchasing instructions and more information, go to U of I College of Law 2008 Homecoming/Reunion Events.

CONTINUING LEGAL EDUCATION INFORMATION:

ATG is an Illinois Accredited Continuing Legal Education Provider. This program qualifies for 3.25 hours of MCLE credit in Illinois. We will apply for CLE credit in Indiana and Wisconsin.

WHO SHOULD ATTEND:

ATG members, U of I College of Law alumni, non-member real estate attorneys.

ATTENDEE RATE:

ABOUT THE SPEAKERS

Program speakers will consist of a team of University of Illinois College of Law faculty and experienced practicing attorneys:

• Christine Hurt Associate Professor, University of Illinois College of Law, Champaign, Illinois
• The Honorable Thomas L. Perkins, U.S. Bankruptcy Judge for the Central District of Illinois
• Ralph Schumann, Attorney at Law, Elk Grove Village, Illinois

DATE/TIME:

Friday,

October 10, 2008

Check-in: 12 noon - 12:30 p.m.

Program: 12:30 - 4:00 p.m.

Reception: 4:00 - 5:00 p.m.
in the Pedersen Pavilion

LOCATION:

Max L. Rowe Auditorium

College of Law

(get directions)

University of Illinois

504 East Pennsylvania Avenue

Champaign, IL 61820

217.333.0930

REGISTER:

Seminar Registration Form

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