[Anonymous]

Does anyone have a loan policy that addresses temporary leave/disability income and how this is to be handled for underwriting purposes? Jack addressed this in a session a couple of weeks ago and I was hoping someone had an example they would be willing to share…thanks!

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[jholzknecht]

If you intend for a loan to be a qualified mortgage then you must underwrite according to Appendix Q. If the loan is not intended to be QM them you can, within certain limitations, determine how to treat temporary leave/disability income.

[Author]

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