“Qualified mortgages” are common, but few bankers actually understand what a qualified mortgage is. In this webinar, we’ll explain the legal source of the qualified-mortgage rules (they stem from the Ability to Repay rule), discuss the different qualified-mortgage options (there are four different types), and walk through the requirements of each option. In addition, we’ll point out the advantages of choosing a qualified mortgage over the usual ability-to-repay rules.
What You’ll Learn
- What a “qualified mortgage” is
- The legal source of qualified mortgages
- The four types of qualified mortgages
- The rules and requirements for each type of qualified mortgage
- The advantages of a qualified mortgage
Who Should Attend
This explanatory webinar will help lenders, processors and compliance officers understand and apply the qualified mortgage options.