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Download the FREE Ability to Repay Special Report - Sponsored by Stewart
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To download your free report, please complete the form below. You'll then be presented with a link to download the PDF.
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Sponsored by
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 The Consumer Financial Protection Bureau (CFPB) finalized what is arguably the new regulator's most consequential rule on Jan. 10. The agency's ability-to-repay (ATR)/qualified mortgage (QM) rule amended Regulation Z to require creditors to make a reasonable, good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling.
What seems at first blush a basic underwriting requirement, ATR/QM is in fact a complicated rule that raises liability concerns, threatens credit availability and "unlevels" the playing field for affiliated businesses.
Dodd Frank Update and sponsor Stewart have teamed up to present this in-depth report that walks you step by step through the various facets and requirements of the rule and provides analysis of the potential pitfalls.
Download this report today to learn the intricacies of the new rule and recent amendments, including:
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The general ATR standards
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Other QM categories
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Pending amendments
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Points and fees calculations
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Exemptions for certain creditors and lending programs
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PLUS...
How the new rules could adversely impact fair lending compliance and what steps HUD and the CFPB are taking to address those issues.
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