Virtual Event
Virtual Event

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Event Date Fri Apr 2 EDT (over 1 year ago)
Region All

The Consumer Financial Protection Bureau recently announced final revisions to certain Qualified Mortgage rules under the Ability-to-Repay requirements in Regulation Z, which implements the Truth-in-Lending Act. Although underwriting is inherently a risk analysis by the institution subject to safety and soundness concerns, mortgage loans (closed-end consumer loans secured by a dwelling) are also subject to compliance rules that require a creditor to meet certain underwriting requirements. Specifically, the rule provides certain options that a creditor must use in order to show that it is making a good faith, reasonable determination that the consumer has the ability to repay.

The final rules provide significant changes to the “General” Qualified Mortgage (and, related to this revision, the “Alternative” Qualified Mortgage), as well as introduce a new qualified mortgage – the “Seasoned” QM.

This webinar will discuss the current rule and what these revisions change and the potential effect on your institution. We’ll discuss in depth the new “Seasoned” QM.

Understanding the rule’s obligations, including these revisions, is fundamental in establishing and understanding a creditor’s comprehensive underwriting program.


• Quick review of current ATR/QM Rules
• Discussion of the revisions to:
- “General” QM
- “Alternative” QM
• Effect on other options
• New “Seasoned” QM
• Effective and compliance dates



Anetria Cohen
Vice President, ProBank Austin