Ability to Repay, Qualified Mortgage, High-Cost, and Higher-Priced Mortgage Loans

Regulation Z has a lot of requirements for loans deemed to be a Qualified Mortgage, High-Cost Mortgage, or a Higher-Priced Mortgage. It also requires you to verify a borrower’s Ability to Repay on certain types of loans.

Keeping all these rules straight can be quite a challenge to say the least. This webinar will look at each requirement, break it down, and tell you what you need to know and how to maintain compliance.

What You’ll Learn

  • All About the Ability to Repay Requirements
  • Differentiating the QM Categories
  • Policy and Procedure Recommendations and Requirements
  • Small Creditor Categories, Criteria, and Status Transitions
  • Small Creditor Portfolio and Balloon Payment QMs – Are they in play for you?
  • QM vs. Non-QM Risk
  • HCM Loans – What to Look for and How to Avoid
  • HPML Criteria and Effects (Exceptions, Balloon Payments, Escrows, Appraisals, etc.)
  • Your Questions, Plain English Answers, and Much More!

Who Should Attend

This webinar is designed for consumer real estate loan officers, loan processors, compliance, and audit personnel.

Date

Dec 05 2024
Expired!

Time

10:00 am - 12:00 pm

More Info

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Labels

Webinar/Online
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