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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: 9927
Loc: Dodging idiots...
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.


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: 705
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.