Bankers Threads
Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

Learn more about


Have a Question?
Looking for a
Product or

Our Vendor
Advisory Board

BankersOnline SURVEY
Today only - a quick 33 questions
We need your input. We are deploying a survey today that asks 33 questions about how your institution is dealing with the impact of the lending compliance regulations that took effect in January, 2014. We're taking a snapshot in time. The survey, which is anonymous, will only be available for 24 hours. We are asking for the participation of every financial institution that uses BankersOnline. [One survey per institution, please.] Help us capture an accurate picture of where we are with lending compliance right now. We estimate you should be able to complete the survey in about 10 minutes depending on how familiar you are with your bank's products and history. Most questions are multiple choice with the last two asking for a short narrative. We appreciate your feedback.
Click NOW to complete the survey.

Topic Options
#1819115 - 05/31/13 11:35 AM Appendix Q: ATR & QM, or QM only?
MB Guy Online
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.

The weather is here, wish you were beautiful...

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 Online
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.
Comments are strictly my own and not that of my employer.