Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

Qualified Mortgages

Small Creditor Category of QMs: Less than $2B in assets & originate 500 or fewer first mortgages per year, loans you make & hold in portfolio are QMs if you have considered & verified borrower’s debt-to-income ratio.

Internal Use Only

Refinance Transactions

Loan Churning

Net Tangible Benefit/Recoupment Period

Seasoning