TopMortgage Compliance Update (1)


Small Creditor Qualified Mortgages
Presentation by the CFPB

December 6, 2013

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New Update to our CFPB Toolbox: 


Small Creditor Qualified Mortgages

- Slide Presentation -


The CFPB gave a webinar presentation on December 4, 2013 on the Ability-to-Repay (ATR) - Qualified Mortgage (QM) rule provisions.

The slides used by the CFPB in the webinar are now available.

The session addressed the following topics:


  • What types of QMs may all creditors originate?
  • What types of QMs may only be originated by small creditors?
  • What is a small creditor?
  • What are the flexibilities small creditors have in originating QMs?
  • What requirements must be met to originate small creditor QMs?
  • Can a small creditor make balloon mortgages and/or non-QM loans?


Please use our CFPB Toolbox as a facilitating resource, while in many cases still visiting the CFPB's website for more information.



Jonathan Foxx

President & Managing Director


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