[20151116]IF10321_H.R.简介1210《投资组合贷款和抵押贷款准入法案》 .pdf

https:/crsreports.congress.gov November 16, 2015A Brief Overview of H.R. 1210, the Portfolio Lending and Mortgage Access Act H.R. 1210, the Portfolio Lending and Mortgage Access Act, was ordered to be reported by the House Committee on Financial Services. It would, among other things, attempt to increase the credit available to consumers and reduce the regulatory burden on lenders by establishing a new Qualified Mortgage (QM) category for certain mortgages held in portfolio by the originating lender. Ability-to-Repay Rule and Qualified Mortgages Title XIV of the Dodd-Frank Act established the ability-to-repay (ATR) requirement. Under the ATR requirement, a lender must determine based on documented and verified information that, at the time a mortgage loan is made, the borrower has the ability to repay the loan. A lender must consider and verify certain types of information prior to originating a loan, including the applicants income or assets, credit history, outstanding debts, and other criteria. Lenders that fail to comply with the ATR rule could be subject to legal liability, such as the payment of certain statutory damages. A lender can comply with the ATR requirement in diffe