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An In-Depth Look at Regulation Z's Amended Qualified Mortgage (QM) Rule

Mar 30 2:00 PM - Mar 30, 2022 3:30 PM
Mar 30, 2022 2:00 PM - 3:30 PM
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Do you know and understand the new definition of a qualified mortgage (QM)? Is your institution working on transitioning to the new rules? Will you be ready by the October 1, 2022, compliance deadline? Get the information you need to know with this detailed analysis of the CFPB’s QM rule changes.

Learning Objectives

  • Identify two methods by which your institution can satisfy Regulation Z’s ability-to repay requirements
  • Assimilate the changes to the definition of a qualified mortgage (QM)
  • Understand which QM thresholds are subject to change annually
  • Determine the elements of a “seasoned qualified mortgage”
  • Prepare for transition timing in advance of the mandatory compliance date

Join regulatory compliance counsel Michael Christians for an in-depth analysis of the CFPB’s changes to the definition of a qualified mortgage. In December 2020, the CFPB issued a final rule that replaces the maximum DTI requirement with a pricing test and removes the prescriptive underwriting standards found in Appendix Q. The rule was effective for secondary market loans beginning July 1, 2021, and has a mandatory compliance date of October 1, 2022, for all other loans. 



Michael Christians, Michael Christians Consulting, LLC

As principal of Michael Christians Consulting, LLC, Michael assists financial institutions and organizations across the country with ensuring their compliance programs conform to Federal laws and regulations. He provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes and offers customized education and training services.

Michael has more than two decades of experience in the financial services industry with a primary focus on consumer compliance. He obtained his Juris Doctorate from Drake University Law School. He is a member of the Iowa State Bar where he is licensed to practice law.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance