A question we received from a member:
When using the 8 factor ATR, would we have to include the co-signor in the debt/ratio calculation? We are thinking not, but aren’t sure.
The issue came up because the person who does our monitoring, wanted to know if we had to verify employment for the co-signor? Thus, we were not sure about this question either.
Bottom line: we aren’t sure how to handle co-signors for ATR (debt calculation, verification of employment).