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Webinar: Ability to Repay Part 2 - What Your Lending Staff Needs to Do to Comply: Deadline January 10, 2014


Thursday, August 1, 2013


Speaker: Bill Elliott, Young & Associates, inc.


About the Program

The ability to repay concept is simple – make sure the borrower can pay before you make the mortgage loan. The CFPB’s final pronouncement on this simple concept contained 236,000 words. This webinar is the second of two presentations on this topic. It will address the management impact of the calculation rules and continue the discussion regarding the decisions management must make in the mortgage loan area. The program will focus on the second test for a “qualified mortgage” – debt to income. While you have been calculating this number for a long time, the CFPB has specific ideas on how it should be done – and they will likely require policy and procedure modifications.


The far-more problematic “residual income” issue and the impact this could have on your mortgage-decision process will also be covered. The session will conclude with the impact on balloon mortgages and the assetliability management process. (The definition and impacts of “qualified mortgages” and “unqualified mortgages” and the “points and fees” test were covered in Part 1 on June 26).


IMPORTANT UPDATE: This webinar will include changes announced by the CFPB on May 29, 2013.



  • The concept
  • The new calculation methods required for debt to income
  • The impact of “residual income”
  • The impact on balloon lending, and the management decisions that must be made

Related Files
Printable Brochure (Adobe PDF File)

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