The CFPB announced its annual adjustments to the HOEPA and ATR/QM thresholds in the Truth-in-Lending Act (TILA). With respect to HOEPA loans, the adjusted total loan amount threshold for high-cost mortgages is $21,032 and the adjusted points and fees dollar trigger for high-cost mortgages is $1,052. With respect to the ATR/QM, the maximum thresholds for total points and fees for qualified mortgages is 3% of the total loan amount for a loan greater than or equal to $105,158; $3,155 for a loan amount greater than or equal to $63,095 but less than $105,158; 5 percent of the total loan amount for a loan greater than or equal to $21,032 but less than $63,095; $1,052 for a loan amount greater than or equal to $13,145 but less than $21,032; and 8 percent of the total loan amount for a loan amount less than $13,145. The adjusted thresholds are effective January 1, 2018.
Click here to view the CFPB Rule Adoption – Annual TILA HOEPA and ATR-QM Threshold Adjustment
