That’s a question that HUD has specifically addressed. The existence of an indemnification agreement doesn’t per se remove QM status. But indemnification demands or resolution of a demand that relates to the underlying eligibility of the loan and satisfaction of underwriting requirements could indicate that the loan didn’t have qualified mortgage status in the first place.
Answered By: Melissa Klimkiewicz
https://www.atssecured.com/wp-content/uploads/2016/04/ats_secured_logo_trans_2016-2-300x138.png00Julie Bealshttps://www.atssecured.com/wp-content/uploads/2016/04/ats_secured_logo_trans_2016-2-300x138.pngJulie Beals2016-07-11 13:21:422016-07-11 13:21:42Does an indemnification agreement remove a loan’s QM status?