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New Lending Rules: Ability-to-Repay, Qualified Mortgages and Appraisal Transparency


COURSE HIGHLIGHTS

  • Ability-to-repay rules: how they impact lenders.
  • The qualified mortgage rules: how they impact lenders and buyers.
  • A discussion of the three types of qualified mortgages, and what safe harbor means for a lender.
  • Insight into the categories of buyers who will be most impacted by the new rules, and financing options available to them.
  • The ECOA Valuations rule requiring appraisal transparency: what it means to lenders, and how it can impact closing deadlines.


HOW DOES THIS HELP YOUR BUSINESS?

  • Navigate potential stumbling blocks on the way to securing financing and the fine line between serving your clients while not giving advice.
  • Guide clients to the right homes for which they can obtain a qualified mortgage under the new debt-to-ratio rules.
  • Provide your clients with a basic understanding of the various factors that can affect their home-buying experience, from mortgage qualification to closing table.

**This course is NOT approved for CE credit.