Carrington Wholesale Lending

Bulletin W14-007 – Update, Policies and Procedures; Appraisal Management and Retail Appraisal Policy

January 10, 2014Bulletins

Topic included in Bulletin W14-007:

  • Credit Policy and Underwriting Policy updated
  • Updates include:
    • Credit Policy
      • QM Maximum Points and Fee Calculations
      • ATR-QM Loan Ability to Repay
      • Anti-Steering clarification
      • Affordable and Tangible Benefit
      • Previous Bankruptcy not allowed on a CMS loan
    • Underwriting Policy
      • ATR-QM 8 Underwriting Factors added
  • Updates are effective with applications taken on and after January 10, 2104

Download: Bulletin – W14-007 (PDF)

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