Term
|
Definition
|
|
Term
|
Definition
|
|
Term
The ATR RUle and the QM Rule require verification of "current or reasonably-expected income or assets" using: |
|
Definition
|
|
Term
Income that is not salary-based will require other types of documentatio. These include: |
|
Definition
|
|
Term
Commission income or self-employment |
|
Definition
|
|
Term
|
Definition
|
|
Term
Income of self-employed applicants |
|
Definition
|
|
Term
What are some examples of additional documentation lenders can request to verify income? (4) |
|
Definition
|
|
Term
|
Definition
|
|
Term
When determining repayment ability, both the ATR Rule and the QM Rule prohibit the use of what? |
|
Definition
|
|