{"id":1127,"date":"2013-12-13T19:29:51","date_gmt":"2013-12-13T19:29:51","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1127"},"modified":"2013-12-13T19:29:51","modified_gmt":"2013-12-13T19:29:51","slug":"new-year-new-rules-on-loans-part-1","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2013\/12\/13\/new-year-new-rules-on-loans-part-1\/","title":{"rendered":"NEW YEAR, NEW RULES on loans &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.PART 1"},"content":{"rendered":"<p>QM &#8211; QUALIFIED MORTGAGE LOANS AND ABILITY TO REPAY.\u00a0 (1)\u00a0 3% points and fees cap for loan amounts greater than $100,000.\u00a0 (2)\u00a0 maximum debt-to-income ratio of 43%.\u00a0 (3)\u00a0 no negatives features such as negative amortization, balloon payments &amp; interest only.\u00a0 (4)\u00a0 maximum 30-year loan term.\u00a0 WHAT IS ABILITY TO REPAY?\u00a0 (a)\u00a0 income and asset verification, (b)\u00a0 employment, (c)\u00a0 monthly mortgage payments, including subordinate liens, (d)\u00a0 all monthly mortgage-related debt, such as taxes, insurance, etc., (e)\u00a0 verification of all monthly debts and liabilities, including alimony and child support, (f) DTI or residual income, (g)\u00a0 credit history.\u00a0 MORE IN A DAY OR SO!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>QM &#8211; QUALIFIED MORTGAGE LOANS AND ABILITY TO REPAY.\u00a0 (1)\u00a0 3% points and fees cap for loan amounts greater than $100,000.\u00a0 (2)\u00a0 maximum debt-to-income ratio of 43%.\u00a0 (3)\u00a0 no negatives features such as negative amortization, balloon payments &amp; interest only.\u00a0 (4)\u00a0 maximum 30-year loan term.\u00a0 WHAT IS ABILITY TO REPAY?\u00a0 (a)\u00a0 income and asset verification, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1127"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1127"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1127\/revisions"}],"predecessor-version":[{"id":1128,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1127\/revisions\/1128"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}