Submitted by dbowman on
Event
ATR/QM Rule - National Business Institute
02.24.2016 2:00pm
On Feb. 24, 2016, McGuire Boyd and Camden Webb presented a CLE course for the National Business Institute on "The New Foreclosure Rebuttable Presumptions Under TILA." The agenda included:
-
Determining Which Mortgages Rebuttable Presumptions Applies to
- The Ability to Repay Rule (ATR) and the Eight Part Test
- The Five Elements of a Qualified Mortgage (QM)
- Qualified Mortgages (QMs) Key QM Safe Harbors to Understand
- Higher-Priced Qualified Mortgages (HPQMs)
- Conclusive Presumptions for QMs
-
The Rebuttable Presumption for HPQMs: Putting it Into Practice
- Key Elements of the Rebuttable Presumption
- Proving or Disproving Lender Failure to Meet ATR Rule
- Key Challenges for Borrowers
-
The Rebuttable Presumption for Non-QM Loans
- How Lenders Can Rebut the Presumption
- Spotting Key Features That Prove Borrowers Can't Repay
- Essential Legal Updates