Which types of Qualified Mortgages can all lenders originate?

The correct response highlights that all lenders can originate general and temporary Qualified Mortgages.

A general Qualified Mortgage is one that meets certain regulatory requirements outlined by the Consumer Financial Protection Bureau (CFPB), providing essential protections to both lenders and borrowers. This type of mortgage typically features safer loan structures, like limits on points and fees, and ensures the borrower has a reasonable ability to repay the loan.

Temporary Qualified Mortgages are those that are designed for a short term and may exist in specific circumstances, such as during a transitional period in the economy or financial system. They are often utilized for circumstances that respond to the market’s changing needs and typically share similar consumer protection provisions as general Qualified Mortgages.

Other choices include combinations that either do not represent types of Qualified Mortgages available to all lenders or include types that have specific restrictions related to the lender’s size or the nature of the loan. Thus, the distinction that general and temporary are universally available across all lenders is crucial. This makes them an essential category for any lender in the mortgage market.