Did Your QM Implementation Feel Like Y2K or a Bomb?

Posted by Krista Sabol on Feb 4, 2014 in IMU Blog, QM/ATR Rule Change management Rules for Mortgage Lenders In one day I heard the QM regulation compared to Y2K and a nuclear bomb. Company A felt QM implementation was like Y2K because there was a lot of panic in the months leading up to January 10th and then nothing went horribly wrong the next day. This was clearly a testament to how well they prepared and found their process relatively unscathed by the...
read more