Podcast: The DocMagic Moment – Episode #16 – Take the pain out of QM

Posted by DocMagic on 05/07/2014

dm_moment_blogIn this edition of the DocMagic moment, Ron looks back on how the CFPB’s January rules changes have impacted the industry.

Almost every aspect of a deal must be considered to determine if it meets the eligibility guidelines for a QM loan. One of the most important of these guidelines involves the Ability-to-Repay calculations and lenders would have a difficult time instituting systems to stay compliant.

Listen Now:
[audio mp3="http://docmagicinc.files.wordpress.com/2014/05/dsi-pod-0414a.mp3"][/audio]

 

Topics: qualified mortgage, Compliance, CFPB, QM, Podcasts, ability to repay

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