Two insurance industry trade groups, the American Insurance Association and the National Association of Mutual Insurance Companies, recently filed suit against the U.S. Department of Housing and Urban Development (HUD)...more
In This Presentation:
- The Qualified Mortgage (QM) Rule
- Small Creditor QM Proposal
- The Ability-to-Repay (ATR) Rule: What It Says and What It Means
- Liability for Failure to Comply with the ATR and QM...more
4/16/2013
/ Ability-to-Repay ,
Consumer Financial Protection Bureau (CFPB) ,
Disparate Impact ,
Fair Lending ,
HUD ,
Lenders ,
Loans ,
Mortgages ,
Qualified Mortgage Rule ,
Safe Harbors ,
Underwriting
The U.S. Department of Housing and Urban Development (“HUD”) issued a final rule (“Rule”) on February 8, 2013, which provides additional support to potential government and private plaintiffs seeking to challenge “facially...more