FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
Lending / The Ticker

Lenders receive compliance guidance

MBA Education releases ATR/QM resource guides

file cabinent
/ Print / Reprints /
| Share More
/ Text Size+

The Mortgage Bankers Association Education released its Compliance Essentials Ability to Repay /Qualified Mortgage Resource Guide to help provide guidance on the new regulation.

The manual explains the effects of the ATR/QM rule on the real estate finance industry, in addition to explaining how organizations should adjust to comply with this new federal regulation.

"The complexity and obligations under the ATR/QM rule will be burdensome for many companies in the real estate finance industry,” said David Stevens, president and CEO of the MBA.

“Because of this, MBA Education has created the only resource manual that helps organizations understand and adjust to this new reality. The January 10 deadline for compliance is fast approaching, making it critical for those affected by this new regulation to get up to speed immediately and begin properly conforming to these requirements," Stevens said.

This resource guide includes: basic training for staff, operational rule requirements and more. 

Recent Articles by Brena Swanson

Comments powered by Disqus