The Directors Education Series: New Ability-to-Repay (ATR) and Qualified Mortgage (QM) Rules

The CFPB has updated amended its rules on criteria for certain consumer-purpose mortgage loans to be protected from legal action, called the “Qualified Mortgage” rules. This is due in no small part to the expiration of the so-called “GSE Patch,” which allowed some loans with excessive Debt-to-Income (DTI) ratios to qualify. This test has been replaced with a pricing standard dependent on the loan’s APR. As well, a new category of Qualified Mortgages, called “Seasoned QMs,” has been introduced, which will allow for loans with three years’ of good payment history to gain the protections. We’ll discuss these requirements and how they may impact your institution.This is due in no small part to the expiration of the so-called “GSE Patch,” which allowed some loans with excessive Debt-to-Income (DTI) ratios to qualify. This test has been replaced with a pricing standard dependent on the loan’s APR. As well, a new category of Qualified Mortgages, called “Seasoned QMs,” has been introduced, which will allow for loans with three years’ of good payment history to gain the protections. We’ll discuss these requirements and how they may impact your institution.

Training Features:

  • Includes Audio, Video and Powerpoint.
  • PDF Handouts
  • Discussion Questions
  • 20-25 minutes in length (Perfect to show at your monthly board meeting!)
This program is a breakout session from the Directors Education Series, which is a subscription based Library containing over 50 trainings specifically for your Board of Directors. For more information on the Directors Education Series click on or go to DirectorSeries.com. You can email questions to info@ttsTrain.com or talk with a representative by calling 1-800-831-0678.

Who Should Attend?

This program is recommended for your Executive staff including every member on your Board of Directors.

We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank


After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust