Archive: 12 May 2014

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VA Issues Interim Final Rule Defining Qualified Mortgages

VA Issues Interim Final Rule Defining Qualified Mortgages

By: Jonathan D. Jaffe, Eric Mitzenmacher

On May 9, the United States Department of Veterans Affairs (“VA”) issued an interim final rule defining which VA-guaranteed and VA-originated loans will have qualified mortgage (“QM”) status under the Truth-in-Lending Act’s (“TILA’s”) Ability to Repay (“ATR”) rule. Read More

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