Search results with tag "Ability to repay"
SUMMARY OF THE ABILITY TO-REPAY AND QUALIFIED …
files.consumerfinance.govprograms of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the GSEs) and Federal agencies, and small portfolio creditors. The Bureau expects to finalize the concurrent proposal this spring so that affected creditors can prepare for the January 2014 effective date.
Ability-to-Repay and Qualified Mortgage Rule
files.consumerfinance.govrules (Sections 1, 2, and 2.2); Revised the section discussing verification of income under the general ATR standard tonote that a creditor is required to confirm that an inflow of funds into a consumer’s account are the consumer’s personal income if the creditor relies on those funds in making an ability-to-repay determination (Section
Ability-to-Repay and Qualified Mortgage Rule
files.consumerfinance.govAbility-to-Repay and Qualified Mortgage Rule Please refer to our concurrent proposal about the changes we have proposed to this rule. This notice proposes to amend the final rule issued January 10, 2013, which is set to take effect on January 10, 2014. The Bureau is considering comments received and plans to finalize the proposal as soon as ...
Ability-to-Repay and Qualified Mortgage Rule
files.consumerfinance.govhomes and their employees what compensation must be ... Qualified Mortgages is that the borrower’s total debt- to-income ratio is not higher than 43 percent. For a temporary, transitional period, certain loans that are eligible for sale or guarantee by a