| NEWS |
|
 |
|
Late last week, IBAT President Chris Williston represented the community banking industry in a meeting with the Bush Administration OMB and HUD staff in an attempt to persuade HUD to withdraw its onerous and costly RESPA proposal. The meeting was also attended by Texas officials from the Land Title and Realtors Associations.
The proposed regulations would provide serious new regulatory burden requirements on community banks and confuse rather than demystify the residential real estate closing disclosures for consumers.
The meeting followed a series of meetings on Capitol Hill to promote the community banking agenda, including urging our Representatives to oppose national credit card interchange limitation legislation.
ICBA has been diligent about advocating the community banking perspective on both issues. |
|
|
|
| FROM THE IBAT LEGAL DEPARTMENT |
|
|
|
IBAT has asked for interpretation of the home equity provision of the Texas Constitution relating to refinancing a home equity loan within a year of closing a loan when there is a declared emergency.
|
|
|
|
| CONVENTION UPDATE |
|
|
|
IBAT 34th Annual Convention - "Hometown Heroes"
September 20-23, 2008
Hyatt Regency Lost Pines Resort, Bastrop, TX
Have you registered yet? Early bird and hotel cutoff is August 15. We've got some outstanding keynote speakers lined up, including Marcus Luttrell, author of Lone Survivor: The Eyewitness Account of Operation Redwing and the Lost Heroes of SEAL Team 10.
Check out all the convention information HERE. |
|
|
|
| LEGAL EASE QUESTION OF THE WEEK |
|
|
|
Question: We are going to reduce our hours of operations at some of our branches. Are we required to put a notification in the newspaper prior to the change? Are there any other requirements for this kind of change?
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
| |
|
|
| BAKER WEEKLY |
|
|
|
On Thursday, the House of Representatives passed its version of housing legislation which, among other things, will support the liquidity and capital needs of Fannie-Mae and Freddie-Mac. The bill is now in the Senate’s hands and is slated for approval, along with the President’s endorsement. Share prices of both FNMA and FHLMC have each risen 56% since their lows on the 15th. Read more in this week's Baker Market Update.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
|
|
|
| TECHMECCA 2008 |
|
|
|
Don't miss this year's TechMecca! The speakers are lined up, so be sure to check out the breakout sessions.
Register 4 people for the low price of $595. For more information, visit www.techmecca.net. |
|
|
|
| SOLUTIONS FROM SERVICES |
|
|
|
IBAT and Advantage Health Plans Trust* invite you to participate in an informative webinar. This complimentary webinar will help you learn more about how the trust works and what it offers! Click HERE to find out what other Texas bankers are saying about the program.
AHPT is actively providing health care programs to over 30 of IBAT’s banks in Texas. IBAT is very proud of the AHPT endorsement and this informative webinar will help you understand why it is so much more than your typical health benefit program. Let us show you why bankers across Texas are choosing Advantage Health Plans Trust.
Webinar Details
Date: August 12, 2008
Time: 9:00 a.m.
Place: Hosted via Web Conferencing
How do I register? Click HERE to register online.
or
E-mail Jessica Molina for details and to RSVP for the web conference. Dial in instructions for joining the conference will be provided via e-mail prior to the event.
*Paid Endorsement |
|
|
|
|
| ON THE EDUCATION FRONT |
|
|
|
 |
|
Advanced Bonds Summit
August 7 - Irving
|
|
There is still time to register! Hotel deadline extended to 7/28!
At the end of the summit, attendees will be able to:
u Explain basic principles of interest rate and bond market dynamics
u Apply proper analysis of individual bonds
u Identify techniques for comparison of different bond types
u Create a method for investment portfolio management within the
context of overall Asset/Liability Management
|
 |
|
Lending Compliance Summit
August 21 - San Antonio
|
|
Topics Covered:
u Residential Mortgage lending
u Fair Lending
u Open End Credit
u Hot Topics
|
 |
|
Liquidity Management Summit
September 4-5 - Irving
|
|
Purpose:
u Answer critical questions relating to current liquidity guidance.
u Provide ideas for finding the balance in your liquidity policy.
u Demystify core deposit maturity and pricing issues.
u Provide answers to raising retail deposits in this environment.
u Create awareness of the various wholesale funding options now available to the financial industry. | |
|
|
|
|
COMING SOON |
|
|
|
For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
| |
August 7 - Irving |
|
August 21 - San Antonio |
| |
September 4-5, Irving |
| |
September 21-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
| |
October 5-10, 2008 - Dallas |
| |
Sales Culture 201 Summit
November - Dallas |
| |
November 3-4 - Dallas |
| |
Financial Literacy Summit
December 2-3 - San Antonio | | |
