MReport February 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 29 FEATURE One of the biggest compliance changes originators will face this year began in December, when the CFPB issued final rules involving the Ability to Repay/Qualified Mortgage (ATR/QM) standard. In essence, the CFPB redefined what constitutes a QM loan and also created a new seasoned QM standard for portfolio loans that meet certain performance requirements.

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