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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Ability to Repay/Qualified Mortgage Rule 60 months
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#1815425 - 05/17/13 05:01 PM 60 months
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,110
South
Just a question of curiousity - on the General ATR guidelines we have to consider payments within the first 60 months. Is there any commentary on how/why 60 months was chosen? I could not find anything in the regulation.

Thanks!

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Ability to Repay/Qualified Mortgage Rule
#1815430 - 05/17/13 05:07 PM Re: 60 months beegee
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
I think that's the new "how long will I likely keep my house" number.
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