The Impact of Qualified Mortgages on Banks
The Consumer Financial Protection Bureau (CFPB), which was created as a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, has finally released the rules and guidelines concerning the definition of a qualified mortgage (QM).
I won't go into all of the details and will instead discuss what the new rules imply for banks, lending and housing activity....411 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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