Qualified Mortgage Rulemaking: Protecting Borrowers from the Next Lending Crisis

The Dodd‐Frank Wall Street Reform and Consumer Protection Act requires lenders to determine whether borrowers can repay a mortgage before that transaction takes place — by making loans that meet a “Qualified Mortgage” (QM) standard. This CRL factsheet describes the key QM provisions in the final rule issued by the Consumer Financial Protection Bureau.
CRL – Mortgage Lending

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