M R EP O RT
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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.
