ATR (Ability to Repay)
Dodd-Frank requirement that lenders verify a borrower can repay the loan. Qualified Mortgage (QM) loans have a safe harbor for ATR compliance.
| Audience | Name |
|---|---|
| Engineering (code) | — |
| Design (UI label) | — |
| Borrower-facing | — |
| Do not use | — |
Sources
- Clarity Engine Glossary — ATR
Related
QM (Qualified Mortgage), DTI (Debt-to-Income Ratio)