Underwriting to "Shadow Rent" in Compliance with Ability-to-Repay/QM Rules?
Getting some attention because of Fannie Mae's HomeReady and other innovative programs, this is an interesting question to review "Shadow...
Consequences of a Triggering "Higher-Priced" Status?
For lenders avoiding anything "higher-priced" but possibly considering the possibility, here's a summary of the consequences. Some loans...
The Small Creditor Qualified Mortgage Revisited in 2016
Revisiting the advantages of Small Creditor status now that the definition applies to so many more lenders. In the compliance business,...
Remember not to underwrite Jumbos under the Temporary QM exemption
This is old news to most people, I'm sure. But since we're hearing rumors that some lenders are still qualifying jumbo mortgages as "QM"...
Affiliate vs. "Affiliate": What's the difference between QM and RESPA?
Yes, the definition of "affiliate" is different for purposes of the ATR/QM Rule than it is under RESPA. Here's how. I know it's...