This rule would prescribe standards for meeting the definition of a qualified mortgage for loans insured under the National Housing Act (12 U.S.C. 1707 et seq.), as required by the Dodd-Frank Act. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) created new section 129C in the Truth-in-Lending Act (TILA), which establishes minimum standards for consideration of a consumer's repayment ability for creditors originating certain closed-end, dwelling-secured mortgages and generally prohibits a creditor from making a residential mortgage loan unless the creditor makes a reasonable and good faith determination of a consumer's ability to repay the loan according to its terms. Section 129C provides lenders more certainty about meeting the ability-to-repay requirements when lenders make "qualified mortgages," which are presumed to meet the requirements. Section 129C authorizes the agency with responsibility for compliance with TILA, to issue a rule implementing these requirements. The CFPB rule established two categories, a safe harbor qualified mortgage that is conclusively presumed to meet the ability to repay requirements, and a rebuttable presumption qualified mortgage. The Dodd-Frank Act also charges HUD, and certain other Federal agencies, to prescribe rules defining the types of loans that these federal agencies insure, guarantee, or administer, as applicable, that are qualified mortgages. HUD's rule would replace Consumer Financial Protection Bureau's (CFPB) definition of a "qualified mortgage" for loans insured under the National Housing Act. The rule would establish two subsets of FHA-insured "qualified mortgages": a "rebuttable presumption qualified mortgage" and a "safe harbor qualified mortgage."