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Course description

Queries about temporary financing are some of the most frequent HMDA questions asked. This one-hour webinar will walk you through everything you need to know about HMDA’s temporary financing rules. Viewers will come away with a full understanding of what is and is not temporary financing, and why! The webinar will cover basic rules, term limits, allowable loan purpose, and more.

Temporary financing seems more complicated than it really is.  Questions often center on supposed rules that are simply not in the regulation or commentary.

In this one-hour webinar we will review:

  • The two types of temporary financing
  • Bridge loans – temporary or not temporary?
  • Loan purpose types that can be temporary
  • Refinances, renewals, extensions and modifications of temporary financing
  • “Permanent” financing and “mini-perms”
  • Investor “flip” loans
  • Modifications to temporary loans

 

 

You will learn easy to remember concepts that will help you to cut through the weeds when reviewing transactions.

Who Should Attend:

Compliance staff, audit and quality assurance staff, lending staff and anyone who needs to understand temporary financing rules for HMDA.

 

Instructor(s)

Kathleen Blanchard

Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks. Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.

Course curriculum

  • 1

    Webinar

    • Access Webinar

  • 2

    Materials

    • Slides

    • HMDA FAQ

    • Questions and Answers

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