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#1819115 - 05/31/13 11:35 AM Appendix Q: ATR & QM, or QM only?
MB Guy Offline
Power Poster

Registered: 05/26/04
Posts: 9888
Loc: Toes in the sand...
So, What are your all's thoughts on whether we have to use Appendix Q for ATR as well as QM?

My impression from my reading was that ATR rules should be followed on their own, and Appendix Q were essentially the next steps (or clarified steps with increased effort) to meet the QM rules, but someone posed the question and it got me second guessing my original thought.
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Ability to Repay/Qualified Mortgage Rule Forum
#1819314 - 05/31/13 03:15 PM Re: Appendix Q: ATR & QM, or QM only? [Re: MB Guy]
Still Smiling Offline
Platinum Poster

Registered: 11/16/07
Posts: 649
I agree. This is probably a huge simplification, but in reading and talking with others it appears that the ATR general rules typically would be used for non-QM loans whereas appendix Q would be used to meet QM requirements.
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