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The IMA is a statewide organization dedicated to representing the housing and mortgage financing initiatives in the state of Iowa. The IMA is comprised of individuals who are dedicated to the mortgage industry and its support. In most cases these individuals have dedicated their entire careers to helping people purchase and refinance homes, thus contributing significantly to Iowa's economy. The integrity of our Association lies in its members. IMA members are dedicated to ongoing mortgage education, seminars and volunteer activities for the benefit of Iowa homeowners.
Our Mission Statement
The Iowa Mortgage Association is dedicated to the preservation, progress and improvement of mortgage lending in the state of Iowa. We are proactive with legislative initiatives and provide our members with quality, professional education. We encourage high standards of professional ethics and integrity from our members and affiliates, and promote these principles throughout our communities.
IMA News 7/27/10: Federal Banking Agencies Release Final SAFE Act Rules
Effective on October 1, 2010, the final rules of the registration of Mortgage Loan Originators was released by the federal banking agencies. Click here for a copy of the rules.
IMA News 5/13/10: The Senate approved last night, by unanimous consent an amendment to the regulatory restructuring bill (S. 3217) that would exempt mortgage loans (and securities of mortgage loans) that are under-written to conservative standards from the regulatory restructuring bill’s risk retention requirements.
The amendment, by Sen. Mary Landrieu (D-LA), Sen. Johnny Isakson (R-GA), and Sen. Kay Hagan (D-NC), ensures that well-underwritten loans can be made without forcing lenders to hold additional capital and credit risk which could reduce credit availability.
The underlying bill requires that loan originators and securitizers together retain 5 percent of the credit risk on all loans, which ABA believes would negatively impact the cost and availability of mortgage credit for all borrowers.
The Senate also approved last night, by unanimous consent, a second-degree amendment (#3992) by Sen. Mike Crapo (R-ID) that modifies the Landrieu amendment by potentially reducing risk retention requirements for commercial mortgage loans meeting prudential regulators’ standards.
IMA News 4/14/10: MBA Mortgage Market Profile for Iowa - 4th Quarter Data
IMA News11/13/09: With the extension of the Homebuyer Tax Credit the IRS has created question and answer pages to find the information you need.
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