ATR/QM Matrix Updated for 2019

With a new year, of course, comes many revised compliance thresholds.  One of those is the annual adjustment to the points and fees thresholds, used as part of the criteria to determine whether a loan is a “Qualified Mortgage”.

 

As a result, we’ve updated our Repayment Ability Risk & Requirements Matrix to Version 4.4 for use in 2019.  It’s now available on our website as a free download.

 

Can you believe it’s been five years since these requirements went into effect!!  If you’re looking for a refresher, join us in April for Ability to Repay, QM, High-Cost & Higher-Priced Mortgage Loans!

 

Published
2019/01/10
Diane Dean
Diane Dean

Diane Dean

Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients. Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!

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