More about Anna DeSimone

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Anna DeSimone founded Bankers Advisory in 1986 and is a nationally recognized authority in residential mortgage lending. She has received numerous industry awards and has authored more than 40 best practices guides and hundreds of articles.

Articles by Anna DeSimone:

  • Complying with the new Truth-in-Lending Laws (MDIA)

    As of August 1st, all mortgage lenders must be fully compliant with the Mortgage Disclosure Improvement Act (MDIA). Summarized below are the frequently asked questions regarding MDIA. Mortgage Disclosure Improvement Act Your Questions Answered 1 – When is the application considered received? MDIA allows lenders to rely on RESPA and Regulation X in deciding whether […]


  • EZ Calendar Guide for HVCC and TIL Compliance

    There is a lot of confusion regarding the new Truth-in-Lending laws. I have created a very simple calendar reference for lenders. HOW TO USE THE GUIDE The 1st column is the “day of the month” that you take a face-to-face application or receive an application by mail. The 2nd column is the “day of the […]


  • Key Points to New Condominium Guidelines

    Fannie Mae & Freddie Mac Condominium Rules Fannie Mae – Key Points Summary of Announcement FNMA 08-34 Amendments to Condominium Unit Mortgage Requirements 1 – Project Eligibility Review Service (PERS) is a project-acceptance review service for FNMA seller/servicers for new or newly-converted and established condo projects. This fee-based service requires lenders to submit by email […]


  • Truth-in-Lending Changes

    Truth-in-Lending Changes Take Effect July 30, 2009 Key Points by Kristin Seltman, Esq., Staff Attorney On July 30, 2008 Congress enacted the Housing and Economic Recovery Act of 2008, which included amendments to TILA, known as the Mortgage Disclosure Improvement Act (MDIA). The Implementation of MDIA will take effect on July 30, 2009, approximately two […]


  • Summary of Red Flags Identity Theft Rules

    Key Points by Anna DeSimone On May 1, 2009 all non-depository mortgage brokers and lenders must implement a comprehensive program to detect, prevent and mitigate identity theft. Red Flags rules are implemented under the Fair and Accurate Credit Transactions Act. The requirement for an internal program became effective November 1, 2008 for federally chartered depository […]


  • Summary of Home Value Code of Conduct

    Key Points by Kristin Seltman, Esq., Staff Attorney On May 1, 2009 all mortgage brokers & lenders must implement new procedures for ordering appraisals under the federal Home Valuation Code of Conduct. The law was established by the New York state Attorney General and Fannie Mae & Freddie Mac, now known as the Federal Housing […]


  • Welcome to Compliance Monitor!

    Compliance Monitor is a complimentary newsletter written for Bankers Advisory’s clients and associates. As a mortgage industry professional, you have little time to research and comprehend today’s ever-changing laws and regulations. Each issue of Compliance Monitor will feature a key regulation and offer additional resources to help your organization understand, implement and monitor compliance. Visit […]


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