Tag Archives: ATR Rule

Nearly a decade after the housing crisis in 2008 and the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the Consumer Financial Protection Bureau will soon be required by law to examine the Ability-to-Repay/Qualified Mortgage Rule and assess the rule’s effectiveness. With the housing market having bounced back since the crash, will some of the rule’s guidelines be amended? What could this mean for borrowers and mortgage professionals?

Borrower claims appear to be fleeing the housing market two years after the Consumer Financial Protection Bureau introduced the Ability to Repay rule for mortgage servicers.