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Fitch warns new QM standards could weaken rule
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Consumer Protection
Friday, February 28, 2020
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Fitch Ratings examined the potential move away from a debt-to-income (DTI) ratio standard in the Consumer Financial Protection Bureau’s qualified mortgage rule and cautioned that changing to a pricing threshold could weaken the rule.
In its analysis, Fitch said borrower protections from aggressive lenders could be harmed by such a change.
Read on for details on why Fitch is cautioning against the replacement of the DTI standard.
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