FORUM PROFILE

How to calculate the payment on an adjustable rate mortgage -ATR vs QM

Home Forums Truth in Lending/ Regulation Z How to calculate the payment on an adjustable rate mortgage -ATR vs QM

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #5216
    aschliebe
    Participant

    I am confused on how to calculate the payment for an adjustable rate mortgage. 1026.43(c)(5)(i) says The fully indexed rate or any introductory interest rate, which ever is greater….
    The definition of a Qualified Mortgage1026.43(e)(2)(iv)(A) says The maximum interest rate that may apply during the first five years after the date on which the first regular periodic payment will be due….

    Is the difference between these whether you are trying to calculate it under the ATR rules vs the Qualified Mortgage rules?

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.