CFPB Proposes Alternative to DTI Limits in QM Lending Standards
The Consumer Financial Protection Bureau says it wants to eliminate the debt-to-income test from its qualified mortgage lending rules.
Non-Qualified Mortgage Risks Were Never Regulatory
When the CFPB’s Ability-to-Repay/Qualified Mortgage rule took effect in January 2014, many lenders shied away from doing anything other than fully protected “qualified mortgages.” The rule – which makes it illegal to provide a residential mortgage loan without a
