Skip to main content

MBA Breaks Down QM and ATR in New Compliance Guide

Dec 20, 2013

MBA Education has unveiled the "Compliance Essentials Ability to Repay (ATR)/Qualified Mortgage (QM) Resource Guide," the a manual that explains not only the effects of the ATR/QM rule on the real estate finance industry but also how organizations should adjust and operationalize 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 H. Stevens, president and CEO of the Mortgage Bankers Association. “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." This resource guide includes: ►A clear understanding of what is required for all employees including loan officers, processors and underwriters; ►A basis for training staff to be aware of the new demands to better support organizations and reduce their risk; ►A description of how to operationalize the rule requirements in an organization's day-to-day business. MBA has worked with a leading law firm, Weiner Brodsky Kider PC, to produce this useful and affordable guide. This book is the equivalent of many hours of legal consultation and is available to MBA members at a reasonable cost, considering its value.
About the author
Published
Dec 20, 2013
Industry Input Sought On Proposed Increases To Mortgage Licensing Fees

Conference of State Bank Supervisors seeking public comment on proposed increases

Building A Digital Bridge Between Separate Revenue Streams

Menu cloud-based technology capitalizes on the entire borrowing cycle

Economists Less Confident Rates Will Drop Following Fed Decision

After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."

FHFA Final Rule Released

Rule codifies equitable housing programs, GSE Plans

FDIC Announces Closure Of Republic First Bank

The Philadelphia-based lender's 32 branches will now be served by Fulton Bank

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.