Bulletin W14-007 - Update, Policies and Procedures; Appraisal Management and Retail Appraisal Policy
January 10, 2014
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
- Credit Policy
- Updates are effective with applications taken on and after January 10, 2104
Download: Bulletin - W14-007 (PDF)
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