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Qualified Mortgages: Understand the New CFPB Regulations to Determine Borrowers Ability to Repay. (MLC852T)

  Pre Recorded Webinar
  60 minutes
  
Multiple Participants?
Call 1-800-223-8720
for a group pricing

Be on Top of Everything Related to QMs & Understand the New CFPB Regulations to Determine Borrower's Ability to Repay

The Consumer Financial Protection Bureau (CFPB) requires lenders to determine the borrower's ability to repay. The Ability to Repay/ Qualified Mortgage Rule has been historically applicable to higher priced mortgage loans but there have been updates since they were issued. To reasonably protect yourself from high defaults, it's important to understand this now!

This webinar by expert speaker Kris D. Kully will provide up-to-date information on the regulations of the CFPB requiring lenders to determine the borrower's ability to repay. While lenders have lived with these regulations, and the strict boundaries of Qualified Mortgages (QMs), for months, there have been updates since they were issued. And there may be significant changes on the horizon! This session offers detailed information on the several definitions of QMs. Join this session to ensure you're on top of everything related to Qualified Mortgages!

You will learn about which transactions are excluded from the ATR/QM Rule; what liabilities and penalties can be imposed following improper compliance with the rule; and what the general ATR requirements are. This informative session will cover topics such as summary of the Ability to Repay/Qualified Mortgage rule, updates to the requirements, and possible changes on the horizon.

Session Highlights

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Presenter

Kris Kully is a partner in Mayer Brown's Washington DC office and a member of the Consumer Financial Services group. She advises clients on federal and state regulatory compliance matters affecting providers of consumer financial products and services, including licensing and substantive practic... More info

 
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.


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