Chapter 10

Qualified mortgages and the fee cap

What counts toward the 3%, and what a QM may not have

An explorable chapter on qualified mortgages: the ability-to-repay rule, the features a QM may not have, which charges count toward the points-and-fees cap, and figuring the 3% limit.

1. 10.1
   What a QM may not haveSafe features earn a presumption
2. 10.2
   What counts toward the capWhat the creditor and its affiliates keep
3. 10.3
   Figuring the cap3% for most loans; more room for small ones

1 slider tasks · 2 practice sets · 8 questions