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!
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.
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Published
2022/01/06