March 07, 2014

Webcast to give 'post mortem' on QM/ATR rules

March 10, 2014 - Three panelists tomorrow will discuss the effects of the CFPB's qualified mortgage and ability-to-repay mortgage rules in effect since January during a NAFCU webcast, "Post Mortem Panel: Qualified Mortgages and Ability-to-Repay."

The featured panelists are Andy Keeney, a partner at Kaufman & Canoles, Barry Stricklin, vice president of real estate lending at Tower Federal Credit Union, and Steve Van Beek, of Howard & Howard Attorneys PLLC and former vice president of regulatory compliance for NAFCU. The panel will go over the most important aspects of the mortgage rules, including what the main types of qualified mortgages are, and best practices for credit unions to determine whether to offer both qualified and non-qualified mortgages.

The speakers will also discuss the risks associated with non-qualified mortgages and real-life examples of best practices and compliance issues since the mortgage rules went into effect.

The webcast is set for 3 p.m. Eastern. Registration is open to members and non-members, and the webcast will be available on-demand for a year after airing.