Lending Compliance for Adjustable Rate Mortgages 2021 (B) | ProBank Austin | 22 December 2021 | Webinar

A two-hour webinar covering lending compliance rules and issues that are specific to ARM loans.

In a period of low interest rates, interest rate risk is a very real concern – as interest rates inevitably will rise, institutions are worried that, at some point, the return on fixed rate loans will not be enough to cover interest rates paid on deposit accounts. Accordingly, institutions may in turn use adjustable-rate loans to control that risk. However, especially for consumers, borrowers may have difficulty making payments on a loan with an increasing interest rate and payment, leading to the result of increased risk of delinquencies. And, if the adjustable-rate loan is secured by the borrower’s dwelling, then that introduces the risk that someone may lose their home (adjustable rate mortgages, or ARMs).

Because ARMs present a real possibility of delinquency, there are several rules that require disclosures to the consumer that attempt to try to explain these products: ARM at application disclosures, variable rate disclosures in the Loan Estimate/Closing Disclosure or TILA Statement, and adjustment notices. ARMs have special significance under other rules, including the Ability-to-Repay and High Cost rules as well.

This two-hour webinar will focus on closed-end Truth-in-Lending/Regulation Z requirements as they relate to ARM loans.

HERE IS WHAT YOU WILL LEARN:

Definition of ARMs
Closed-End Truth-in-Lending Requirements:
- ARM disclosures: the CHARM Booklet, Program Disclosure, and Adjustment Rate Notices;

- TILA Statement and the Integrated Disclosures (the Loan Estimate and Closing Disclosure);

- Ability-to-Repay requirements;

- High-Cost Loans (HOEPA); and

- Timing rules.

FORMAT/INSTRUCTIONAL METHOD: GROUP INTERNET BASED

An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. You will have the option to stream the audio through your computer or dial-in using a telephone number/PIN. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.

This informative webinar is designed for compliance officers, compliance staff, loan processors, and auditors who must understand this important issue. Loan officers and those with compliance management or training responsibilities will also benefit from this valuable webinar.

Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations

Delivery Method: Group Live Webinar

Field of Study: Specialized Knowledge

Who Should Attend
This informative webinar is designed for compliance officers, compliance staff, loan processors, and auditors who must understand this important issue. Loan officers and those with compliance management or training responsibilities will also benefit from this valuable webinar.

2021 Speaker

PRESENTER:

Anetria Cohen
Vice President, vCard