Updated Repayment Ability Matrix

As we flip the calendar to 2023, we’ve updated our Ability to Repay Risk and Requirements Matrix with the 2023 points and fees thresholds and the rate spread thresholds now used to determine General QM status.

Version 6.1 is now available on our website as a Free Download!

Free Resources!

TIL: Repayment Ability and Risk Requirements (Qualified Mortgage Rule) Matrix 6.1

Applications on or after 1/1/2023.

This Matrix focuses entirely on the Ability to Repay Requirements and Qualified Mortgage Standards that became effective on January 10, 2014.  It is a supplemental tool and is not meant to replace any of our other tools.  This tool will update each year due to regulatory threshold changes.

#TIL  #AbilitytoRepayRequirements #QualifiedMortgageStandards

Published
2022/01/06

 
Amy Kudlacek

Amy Kudlacek

Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!

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