The New World of QM

Posted by Krista Sabol on Mar 4, 2014 in Origination, QM/ATR Rule Managing The Change For Originators in the New World of QM Much has been written about the impact of the Qualified Mortgage (QM) and Ability to Repay (ATR) rules from a legal and compliance perspective. Have you noticed whether the stress of this buzz, throughout your company and the industry, is causing originator sales paralysis? In a recent training class of highly experienced originators, a...
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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...
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