he Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the Ability-to-Repay (ATR) rule to ensure that lenders make responsible mortgage lending decisions. Here’s a brief overview: Ability-to-Repay (ATR) Rule Purpose: Requires lenders to make a reasonable, good faith determination that a borrower has the ability to repay their mortgage. Qualified Mortgages (QM): Loans that […]