Today, we published our Small Entity Compliance Guide for the Ability-to-Repay and Qualified Mortgage Rule.
Our goal with this guide is to provide a comprehensive rule summary in a plain language and FAQ format, which makes the content more accessible and consumable for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff.
Over the next several weeks, we will publish guides for each of the new mortgage rules. They will be available on the individual rule pages on our website. (Note that although each guide summarizes a rule, it is not a substitute for the underlying rule.)