Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

QM Webinar Recording Now Available

Media Center:QM Webinar Recording Now Available

Last Updated: 2/26/2021 10:23 AM

QM Webinar Recording Now Available

The Truth in Lending Act provides certain protections from liability for creditors that evidence repayment ability by making mortgage loans that meet the Qualified Mortgage definitions. Those definitions recently changed plus a new QM option was added and the government-sponsored enterprises' Agency QM will soon be removed. The Iowa Bankers Association recorded a webinar this week, titled "Qualified Mortgages Redefined," to examine those changes. During the webinar, IBA compliance experts discuss:

  • The mandatory effective dates of the changes
  • Which QM standards did not change
  • The details of the updated General QM standard
  • Details of the new Portfolio QM standard
  • How to transition from the GSE “Agency” QM Patch
  • Tips to prepare for these upcoming changes

Determining an applicant’s ability to repay is critical when offering mortgage products — both to prevent consumer harm and also to protect the bank. IBA members can access the recording for $150. Purchase the recording.

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