Our partners, Alan Lindeke and Colgate Selden, attended the Structure Finance Association's (SFA), SF Vegas 2025 event that took place February 23 - 26 at the Aria Resort & Casino in Las Vegas. They also participated in the SFA's task force meeting regarding the scope of review for the CFPB's Ability to Repay-Qualified Mortgage (ATR-QM) Rule.

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Partner Colgate Selden Quoted in HousingWire Article on CFPB Supervision of Mortgage Brokers

Colgate Selden was quoted in a HousingWire article published on December 2, 2024 titled,  "Some mortgage brokerages have grown quickly. Now they’re under CFPB scrutiny."  In the article, Colgate discussed broker compensation models, deceptive marketing structures and provided thoughts on the change in administration.  The article can be accessed here:

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Partner, Colgate Selden will speak on the "APPLIED COMPLIANCE TRACK: Loan Originator Compensation/Employment" panel with a senior counsel from the CFPB Office of Regulations and other industry experts. The panel takes place on Monday, September 23 at 3:15 PM. Panel description:

This expert panel analyzes fact patterns and issues of top concern pertaining to loan originator compensation and employment. Discussion includes recent updates and changes you need to be aware of. Best practices and tips for avoiding common pitfalls and recent enforcement actions are discussed.

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Partner, Colgate Selden will speak on the “Right Sizing Your Compliance Management System (CMS) for Volume Today” panel with other outside legal counsel and leading risk and compliance management consultants. The panel takes place on May 8 at 9:30 AM. Panel description:

Regulators require your CMS to match the size and complexity of your organization, and your volume in the current market is smaller. What does commensurate with size and complexity mean, and how do you reconcile introducing new products to increase volume? Join this panel to learn what type and size of CMS might be appropriate for your company’s “new” size and complexity while efficiently and effectively managing compliance risk.

Partner Colgate Selden Quoted in HousingWire Article on Dual Real Estate Agents and Loan Officers

Colgate Selden was quoted in a HousingWire article published on April 16, 2024 titled, “The ‘double-edged sword’ of dual licensing.” Colgate discussed the relaxation of FHA conflict of interest prohibitions on participants engaging in multiple roles on the same FHA insured transaction as well as potential conflicts and incentive misalignment when acting in a dual capacity as a loan officer and real estate agent.

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Partner, Colgate Selden Quoted in HousingWire Article on Loan Officer Manipulation of Lead Sources

In a December 20, 2023 article titled, “Loan officers are dramatically cutting their pay to win clients. It’s often illegal,” Colgate discussed lead source compensation methods that do not comply with the CFPB’s Loan Originator Compensation Rule. A rule co-written by Selden while he was at the CFPB.

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Colgate Selden Quoted in HousingWire Article on FCC Rule Closing the Lead Generation Loophole

Partner, Colgate Selden was quoted in a HousingWire article published on December 18, 2023 titled, “How new FCC rules closing the ‘lead gen loophole’ could impact mortgage professionals.” Selden discussed how new FCC rule changes prohibiting blanket consents could impact the way lenders buy leads, or how consumer information and consent for sharing is obtained from consumers.

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Partner, Colgate Selden Quoted in Home Equity Lending News Article on SEC Conflicts Rule

In article titled, “Unclear Impact of SEC Rule on Home Equity Issuance” published by Home Equity Lending News on November 28, 2023, Colgate discussed possible conflicts of interest addressed by the SEC’s new rule.

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Colgate Selden Quoted in Home Equity Lending News Article on HPML Thresholds

Colgate Selden was quoted in a Home Equity Lending News article published on November 13, 2023 titled, “Higher Priced Loan Exemption Threshold Raised for 2024.” In the article Colgate was quoted on the impact of the CFPB’s increase of the TILA higher priced mortgage loan threshold on HELOCs and other CFPB rules.

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Partner, Colgate Selden Quoted in HousingWire Article on RESPA Enforcement

Colgate Selden was quoted in a HousingWire article published on October 10, 2023 titled, “RESPA enforcement is back — are you ready?” In the Article, Colgate discussed the importance of compliance in a down market and a recent CFPB consent order and alleged things of value provided in exchanged for referrals.

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An opinion article drafted by Colgate Selden titled, “Consider Key Regulatory Factors for Home Equity Lending” was published by Home Equity Lending News on September 21, 2023.  In the article, Colgate highlights key federal regulatory differences between HELOCs and other closed-end mortgage loan products.

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Attorneys Alan Lindeke and Colgate Selden today announced that they have formed a new law firm, SeldenLindeke LLP, that will cater to the regulatory, transactional, enforcement defense and litigation needs of financial and technology clients nationwide. The firm's founding partners are recognized leaders in their respective fields. Colgate Selden and Alan Lindeke each bring 20+ years of experience in senior legal, risk, compliance and executive leadership roles at the U.S. Treasury, the Consumer Financial Protection Bureau (CFPB), leading international law firms, banks, lenders and technology and fulfillment services providers.

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