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#2194737 - 10/04/18 07:20 PM HPML = QM?
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 391
My apologies if this has been asked previously, but I cannot find a straight answer as to whether or not a HPML is a QM if we don't qualify for either the small creditor or balloon loan exemption? Thank you.

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Ability to Repay/Qualified Mortgage Rule
#2194742 - 10/04/18 07:40 PM Re: HPML = QM? ComplyCycle
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,310
Galveston, TX
It can be if it meets the other QM qualifications, but it is going to only come with a presumption of compliance.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2194744 - 10/04/18 07:48 PM Re: HPML = QM? ComplyCycle
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 391
Got it. Thank you!

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#2197102 - 11/01/18 07:14 PM Re: HPML = QM? ComplyCycle
Doin it Right Offline
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Joined: Apr 2017
Posts: 35
So, if a loan will be an HPML but is a QM, what valuation rules apply?

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#2197135 - 11/01/18 09:07 PM Re: HPML = QM? ComplyCycle
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,310
Galveston, TX
Valuation of what?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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