July 29, 2013 at 2:46 pm EDT
#3703
jemery
Member
Just to clarify on number one… So if I have a covered transaction we must either comply with the general ATR rules which are the 8 factors and covered in Appendix Q or we can comply with the QM rules and have a safe harbor/rebuttable presumption of compliance? So basically if we comply with the general ATR rules only we will have a non-QM loan?