The Consumer Financial Protection Bureau has released several flow charts that offer a way to visualize how the new mortgage rules are likely to impact certain products or transactions in a variety of circumstances. (These charts are not substitutes for the regulation text and official interpretations, but they can provide an idea of where to start.)
- Small creditor qualified mortgages flowchart.
- Transaction coverage and exemptions for the 2013 mortgage origination rules.
- Comparison of the general Ability-to-Repay requirements with the requirements for originating Qualified Mortgage loans.
- Coverage of the Bureau’s 2013 mortgage servicing rules for loans and servicers.