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QM solutions: How do I protect against ATR liability?
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Consumer Protection
Tuesday, April 29, 2014
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The Consumer Financial Protection Bureau’s new ability-to-repay/qualified mortgage rule permits lenders to make non-QM loans, also known as “ATR space” loans. ATR space loans are associated with enhanced liability. Ben Olson, a former top CFPB rule writer who is now with BuckleySandler LLP, described steps lenders are taking as they grapple with the issue of ATR liability.
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