by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
A “Qualified Mortgage” (“QM”) is a category of mortgage loan defined under federal law and Regulation Z that is intended to ensure borrowers receive loans they have a reasonable ability to repay. Established under the Dodd-Frank Wall Street Reform and Consumer...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The Mortgage Disclosure Improvement Act (“MDIA”) is a federal law enacted in 2008 as an amendment to the Truth in Lending Act (“TILA”) to strengthen consumer protections and improve the timing and accuracy of mortgage disclosures. MDIA was designed to ensure that...
by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Home Ownership and Equity Protection Act (“HOEPA”) is a federal consumer protection law enacted in 1994 as an amendment to the Truth in Lending Act (“TILA”) to address abusive lending practices associated with certain high-cost mortgage loans. HOEPA establishes...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
The Consumer Handbook on Adjustable-Rate Mortgages (“CHARM Booklet”) is a consumer disclosure document developed by federal regulatory agencies to help borrowers understand adjustable-rate mortgage (“ARM”) loans and the risks associated with them. Mortgage lenders are...
by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) is a federal law enacted to establish minimum licensing and registration standards for Mortgage Loan Originators (“MLOs”) throughout the United States. The law was designed to enhance...
