Categorizing Mortgages as Qualified or Not

[Craig Gabriel]

For government reporting requirements, the mortgage broker company I am working for needs to categorize each of our closed loans as Qualified, Non-Qualified, or Not Subject to Qualified Mortgage Rules. The owner told me that his informal understanding is that Qualified would be any purchase or refinance for an owner-occupied residence that successfully went through the lender process for a standard Fannie Mae, Freddie Mac, VA, or FHA loan; Non-Qualified would be any other purchase or refinance for an owner-occupied residence (e.g., a bank statement loan); and Not Subject would be everything else (e.g., reverse mortgages, investment properties, commercial deals, etc.), but he asked me to research it to be sure.

What I've seen online is consistent with this, but it's not very clear and so I'm still not sure. Is the above information correct as a way of categorizing these loans as I go through them?