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Most of today’s loans would meet QM standards, CFPB says
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Risk Retention
Tuesday, February 19, 2013
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Mortgage Industry participants have been discussing the potential impact of the Consumer Financial Protection Bureau’s ability-to-repay/qualified mortgage rule since the rule was finalized on Jan. 10. Now the CFPB is letting the public know what percentage of today’s loans it believes would meet the new QM standards. Read on for the details.
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