Category: QM/ATR

CFPB-Consumer Financial Protection Bureau – Federal Register Final Rule and Official Interpretations – Dated August 30, 2017 (ATR/QM) and November 9, 2017(HPML Exemption)

By:  Lloyd Rutherford-Staff Writer With the QM [Qualified Mortgage] and ATR [Ability to Repay] rules came thresholds that cannot be exceeded without becoming a high-cost mortgage.  This update is the yearly threshold adjustment. Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal […]

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CFPB Annual Threshold Adjustments (CARD Act, HOEPA and ATR/QM)-Dated June 17, 2016 (Effective January 1, 2017)

Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending Act or TILA). This article will address the changes that impact the mortgage industry, specifically the Ability-to-Repay and Qualified Mortgages Threshold and the HOEPA Annual Adjustment Threshold. The HOEPA Threshold is used […]

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