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The Qualified Mortgage Quandary – Where Things Stand Now and What Can We Expect
Tuesday, March 23 at 1pm central time
Description: Late last year we thought we knew what the new QM rules would entail but in January the regulatory freeze imposed by the Biden Administration created uncertainty for the future of the rules. Join Richard Andreano from Ballard Spahr and Tracy Ashfield as they review how the changes may impact your credit union and your member’s access to credit.
Note: Lightning Round sessions will not be recorded, so don’t miss out! They are open to ACUMA members only. Each registrant will receive a unique link and attendance will be monitored. This session will be interactive so come with your questions.
By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Richard Andreano, Jr.
Practice Leader, Mortgage Banking Group, Ballard Spahr
Richard J. Andreano, Jr., is a Practice Leader of the Mortgage Banking Group at Ballard Spahr, and a member of the Consumer Financial Services Group. He has devoted over 30 years of practice to mortgage banking, and consumer finance law. Rich advises the mortgage and settlement service industries on regulatory compliance and related matters, including issues arising out of the COVID-19 national emergency, as well as issues concerning the Dodd-Frank Act, Real Estate Settlement Procedures Act,, Truth in Lending Act, Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, and Gramm-Leach-Bliley Act. He assists clients with government agency examinations and compliance with the wide range of consumer financial protection rules, including the ability to repay, loan originator compensation, affiliated business, appraisal, escrow and servicing rules. Rich is the author of the MBA Compliance Essentials Loan Originator Compensation Rule Resource Guide™ and co-author of the MBA Compliance Essentials TILA/RESPA Integrated Disclosure (TRID) Resource Guide.
Tracy J. Ashfield
Tracy Ashfield is the President of the American Credit Union Mortgage Association (ACUMA), an organization with which she has had close ties for 20 years. Ashfield has worked as a consultant and subject matter expert with ACUMA since 2000. In that time, working with founder and former president Bob Dorsa, she has helped the non-profit grow from a handful of members to an organization with more than 400 mortgage-lending credit union leaders. In that same time, credit unions have seen their market share grow from 2% to nearly 9%. And ACUMA is now the premiere education and networking association for credit unions that are serious about mortgage lending. During her years with the association, Ashfield has been the curator of ACUMA’s event programming, bringing relevant and timely educational content to the growing list of members. Ashfield is a well-known figure in credit unions with nearly 30 years in mortgage banking leadership roles at numerous mortgage banking firms.