{"id":9244,"date":"2019-03-27T14:42:08","date_gmt":"2019-03-27T14:42:08","guid":{"rendered":"https:\/\/chenoafund.org\/?p=9244"},"modified":"2026-03-17T14:21:04","modified_gmt":"2026-03-17T14:21:04","slug":"19-06-update-fha-qm-rebuttable-presumption-sent-on-030119","status":"publish","type":"post","link":"https:\/\/chenoafund.org\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\/","title":{"rendered":"FHA QM Rebuttable Presumption Update | Chenoa Fund"},"content":{"rendered":"

Please Note: The following announcement was sent out from 3\/1\/19-3\/4\/19. The following will no longer be required and can be disregarded. <\/strong><\/p>\n

“Beginning April 1, 2019, CBC Mortgage Agency will require all FHA QM Rebuttable Presumption loans to include a Residual Income Worksheet prior to CBC\u2019s purchase of the loan. Any loan with an application date on or after April 1, 2019 must include this document in the loan file. Rebuttable presumption qualified mortgages under Title II of the National Housing Act are loans that meet the points and fees limit adopted by the CFPB in its regulation at 12 CFR 1026.43(e)(3), but has an annual percentage rate that exceeds the average prime offered rate for a comparable mortgage as of the date the interest rate is set, by more than the sum of the annual mortgage insurance premium and 1.15 percentage points for a first-lien mortgage. Borrowers who are unable to meet the residual income requirements will be ineligible for assistance on Chenoa Fund programs.<\/p>\n

Correspondent lending partners may use their own form or the CBC Mortgage Agency Residual Income Worksheet included with this announcement which is also available for download on our website chenoafund.org.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Please Note: The following announcement was sent out from 3\/1\/19-3\/4\/19. The following will no longer be required and can be disregarded. “Beginning April 1, 2019,…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[520],"class_list":{"0":"post-9244","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-updates-and-announcements","7":"tag-rebuttable-presumption"},"yoast_head":"\nFHA QM Rebuttable Presumption Update | Chenoa Fund - CBC Mortgage Agency<\/title>\n<meta name=\"description\" content=\"CBC Mortgage Agency announces that, starting April 1, 2019, all FHA QM Rebuttable Presumption loans must include a Residual Income Worksheet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chenoafund.org\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FHA QM Rebuttable Presumption Update | Chenoa Fund - CBC Mortgage Agency\" \/>\n<meta property=\"og:description\" content=\"CBC Mortgage Agency announces that, starting April 1, 2019, all FHA QM Rebuttable Presumption loans must include a Residual Income Worksheet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chenoafund.org\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\/\" \/>\n<meta property=\"og:site_name\" content=\"CBC Mortgage Agency\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChenoaFundOfficial\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T14:42:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-17T14:21:04+00:00\" \/>\n<meta name=\"author\" content=\"James Bethe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:site\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Bethe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\\\/\"},\"author\":{\"name\":\"James Bethe\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/person\\\/299cfb8c03905ace40291040893ccc4b\"},\"headline\":\"FHA QM Rebuttable Presumption Update | Chenoa Fund\",\"datePublished\":\"2019-03-27T14:42:08+00:00\",\"dateModified\":\"2026-03-17T14:21:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\\\/\"},\"wordCount\":198,\"publisher\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#organization\"},\"keywords\":[\"REBUTTABLE PRESUMPTION\"],\"articleSection\":[\"Updates and Announcements\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\\\/\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/19-06-update-fha-qm-rebuttable-presumption-sent-on-030119\\\/\",\"name\":\"FHA QM Rebuttable Presumption Update | Chenoa Fund - 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