Ability-to-Repay and Qualified Mortgage Rule

Most credit unions that originate mortgages will have to comply with the ATR/QM rule, set to go into effect on January 10, 2014. The rule will open your credit union to new compliance procedures and potential liabilities.

Most credit unions that originate mortgages will have to comply with the ATR/QM rule, set to go into effect on January 10, 2014. The rule will open your credit union to new compliance procedures and potential liabilities.

The ATR/QM brief serves as a summary to quickly get you up to speed, giving you an easy to understand definition of ATR and QM, a high level overview of the eight underwriting requirements under ATR, potential liabilities of non-compliance, and the benefits of originating QMs.

View The PDF

May 11, 2016

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