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Good riddance to Appendix Q

Answered by: 

Question: 
What happened to Appendix Q?
Answer: 

Previously, certain QM options required creditors to evaluate income, assets, and debt using Appendix Q; which is a set of underwriting guidelines similar to FHA guidelines. The guidelines were burdensome and have been removed.

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Learn more about Jack Holzknecht’s ATR/QM Review and Update webinar.

First published on 06/27/2021

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