Do you make Fannie Mae or Freddie Mac backed mortgage loans? If so, we had some recent developments with regard to Qualified Mortgages (QMs). More specifically, both Fannie and Freddie recently announced that they will only purchase loans that comply with the New General QM requirements for applications received on or after July 1, 2021. So, what does this mean for you?
Jerod explains more in the video.
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!