With certain exceptions, the Ability to Repay/Qualified Mortgage Rule (“Rule”) requires lenders to make a reasonable, good faith determination of a consumer’s ability to repay a residential mortgage loan and provides certain protections from liability for residential mortgage loans that meet the Rule’s requirements for “qualified mortgages” or “QMs.” A lender that makes a QM […]
Three Proposed Rules to Amend the CFPB’s Ability to Repay Rule Read More »
