Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Qualified Mortgages Points and fees are less than or equal to 3% of the loan amount. No risky features: negative amortization, interest-only, or balloon loans. Maximum loan term is less than or equal to 30 years. . The borrower’s income and assets are verified and documented

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Internal Use Only

Qualified Mortgages QM General Definition: Any loan that generally meets the product feature requirements with, no risky loan features, a limit on the price of your loan, a limit on points and fees and a requirement to consider and verify income/ability to repay met or assets and debts

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