Dechert and American Bankers Association Release Strategic Guide to the Ability-to-Repay/Qualified Mortgage Rules; Dechert Follows With Risk Evaluation Assistance Tailored to Lending Needs

Below is a link to A Strategic Guide to the ATR/QM Rules (Guide), Dechert LLP’s analysis for the American Bankers Association (ABA) of the Ability-to-Repay (ATR) and Qualified Mortgage (QM) rules adopted by the Consumer Financial Protection Bureau (Bureau). The Guide will help lenders address the new risks in mortgage lending and implement the Bureau’s rules consistent with applicable regulatory and corporate governance requirements.

Also below is Dechert’s Ability-to-Repay/Qualified Mortgage Legal Stress Test – a broader legal product that sets forth a methodology for lenders additionally to identify and evaluate, among other things, new repayment risks and defenses, fair lending issues related to QM product choices, and the requirements and valuation haircuts that secondary market participants will impose on lenders under the ATR and QM rules. This ATR/QM Legal Stress Test provides lenders with the tools to make and document complex business decisions in this new developing mortgage market and present them to their boards of directors. Lenders who have properly documented their mortgage policy and procedures decision-making processes will be better equipped to respond to regulatory and private party challenges. Our ATR/QM Legal Stress Test is structured to be available to large and small lenders.  

Download A Strategic Guide To the ATR/QM Rules (PDF).
 

Download the ATR/QM Legal Stress Test (PDF).

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Dechert LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×