Which factor is NOT considered in assessing a borrower's ability to repay under the federal Ability to Repay Rule?

In assessing a borrower's ability to repay a mortgage under the federal Ability to Repay Rule, the focus is primarily on factors that directly indicate the borrower's capacity to make timely payments on the loan. The debt-to-income ratio, which compares the borrower’s total debt payments to their gross monthly income, is a critical measure of their overall financial burden and ability to manage additional debt. The credit score provides insight into the borrower's creditworthiness and financial behavior, indicating the likelihood of repayment. The loan-to-value ratio assesses the risk associated with the loan by comparing the amount of the mortgage to the appraised value of the property, thereby affecting the lender’s decision-making.

However, while employment history can be relevant in understanding a borrower’s overall financial stability, it is not explicitly defined as a measurable element under the Ability to Repay Rule compared to the other factors listed. The rule emphasizes quantifiable metrics related to income and obligations, making it clear that elements like employment history are less directly tied to the assessment of ability to repay. Thus, this factor is not included as a primary consideration in the ability-to-repay calculations.