The Ability to Repay mortgage rule section of the Dodd Frank Regulations works in conjunction with the Qualified Mortgage (QM) regulation. At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets; (2) current employment ... » Learn More about Basics of Ability to Repay Mortgage Regulation
Mortgage Regulations
New Mortgage Regulations – 3507 Pages and Counting
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for CAMP gives an overview of newly released mortgage regulations from the CFPB applicable to Dodd Frank. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc Gov’t Affairs Chair – ... » Learn More about New Mortgage Regulations – 3507 Pages and Counting