Comments Due to NAFCU: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z)

Important Regulatory Dates Add to Calendar 2019-08-30 17:00:00 2019-08-30 17:00:00 Comments Due to NAFCU: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z) NAFCU would like to highlight the following: The Temporary Government Sponsored Enterprise (GSE) QM loan category (Temporary GSE QM or “GSE Patch”) expires on January 10, 2021; the Bureau is considering revisions to the definition of a General QM loan in light of the expiration. The Bureau is soliciting feedback on assessing a borrower’s ability-to-repay (ATR) under the General QM loan definition, including whether a debt-to-income (DTI) analysis should be included. In addition, the Bureau is soliciting feedback on changes to Appendix Q. Comments due to NAFCU: August 30, 2019 Comments due to FHFA: September 13, 2019 Comment now   NAFCU will send comments on behalf of its members to the NCUA by their deadline (August 30, 2019). Location NAFCU digital@nafcu.org America/New_York public

NAFCU would like to highlight the following:

  • The Temporary Government Sponsored Enterprise (GSE) QM loan category (Temporary GSE QM or “GSE Patch”) expires on January 10, 2021; the Bureau is considering revisions to the definition of a General QM loan in light of the expiration.
  • The Bureau is soliciting feedback on assessing a borrower’s ability-to-repay (ATR) under the General QM loan definition, including whether a debt-to-income (DTI) analysis should be included.
  • In addition, the Bureau is soliciting feedback on changes to Appendix Q.

Comments due to NAFCU: August 30, 2019

Comments due to FHFA: September 13, 2019

Comment now  

NAFCU will send comments on behalf of its members to the NCUA by their deadline (August 30, 2019).