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2014
Qualified Mortgage Rule or QM is a Federal Law that goes into effect January 10, 2014 which includes the Ability To Repay (ATR). Below is a summary of the changes: Lenders must ensure the borrower(s) has the Ability To Repay (ATR) the mortgage. Verification of the items used to determine repaym...
01/20/2014
Rainmaker
423,347
423,347
Nevin Williams
Senior Mortgage Advisor