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Tuesday
Sep292015

What's New?: ATR/QM Rule & High Cost Mortgage Rule Updates

DateTuesday, September 29, 2015 at 11:26AM by AuthorBanking Spectrum

The CFPB has updated the loan amounts for points and fees calculations under the Ability-to-Repay/Qualified Mortage rule and High-Cost Mortgage Rule. These amounts have been updated for inflation and are effective beginning January 1, 2016. 

See Qualified Mortgages: Limitations and High-Cost Mortgages in The Gold Book.

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