The CFPB’s ability-to-repay (ATR) rule became effective in January 2014. It requires mortgage lenders to determine during underwriting that a borrower has a reasonable ability to repay a loan according to its terms. ...more
10/14/2015
/ Ability-to-Repay ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Foreclosure ,
Good Faith ,
Loan Servicer ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Truth in Lending Act (TILA) ,
Underwriting