ATR and QM Refresh (6/25/25)
ATR and QM Refresh (6/25/25)
Library:
Instructor:
Rebekah Leonard
Credit Hours:
Date and Time: Jun 25, 2025, 2:30 pm EST
Duration:
2 HR
Standard Price:
Included With Membership
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Description
Instructor
Accreditation
With the revised General QM rule that took effect October 1, 2022, do you fully understand the difference between the “old / legacy” General QM and the “new / revised” General QM? What about a “Seasoned QM” – how do you get one of those?! While some things have certainly changed (ahem, 43% DTI cap, I’m looking at you), plenty of things remain the same – like the types of legal protection (well, mostly), loan feature limitations and restrictions, and some of the underwriting requirements. Plus, the Small Creditor QM is still alive and well, along with the EGRRCPA QM, the Balloon QM, and the good old baseline ATR “non-QM”. This session will help you keep it all straight!
Topics covered in this session
- 8 Underwriting criteria for mandatory “Ability to Repay”
- What Rule to Follow ATR or QM
- Current varieties of QM and risks of each
- The sleeper QM
Who Should Attend:
- Compliance officers
- Marketing officers
- Auditors
- Banking Managers
