Question - My credit union is a Community Development Financial Institution (CDFI). We have created an Ability-to-Repay/Qualified Mortgages (ATR/QM) policy and have acknowledged that fact. We have also stated that since we are a CDFI, we are not required to meet the ATR requirements. Is it accurate to say that the credit union’s real estate loans are automatically deemed QMs since we are exempt from ATR as a CDFI?
Already a member? Log in
Members Get More |
This page contains member-only content.Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
|
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.