Tag Archives: Ability-to-Repay/Qualified Mortgage

ABA, States Urge Support for QM Portfolio Bill

ABA and 53 state bankers associations today urged Congress to pass legislation (H.R. 1210) that would deem all mortgage loans that institutions originate and hold in portfolio as “qualified mortgages” for purposes of the ability-to-repay rule’s safe harbor provisions. The House is expected to vote on the bill this week. “Portfolio lending is among the most traditional and lowest risk ...

Read More »

CFPB Finalizes Relief for Small, Rural Mortgage Lenders

The Consumer Financial Protection Bureau today finalized several changes -- many advocated by ABA -- that will increase the number of banks able to benefit from the bureau’s small creditor and rural or underserved area exemptions in its mortgage rules.

Read More »

CFPB Updates Reg Z Dollar Thresholds

The Consumer Financial Protection Bureau today announced 2016 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.

Read More »

ABA Welcomes Relief Bill for FHLB Mortgages

ABA wrote to Sen. Heidi Heitkamp (D-N.D.) yesterday thanking her for introducing S. 1974, the Relationship Lending Preservation Act. The bill would provide the same regulatory treatment to mortgages sold to the Federal Home Loan Banks that Qualified Mortgages and GSE loans currently enjoy.

Read More »