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CFPB May Abandon DTI in QM Rule

Thursday, January 23, 2020   (0 Comments)
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CFPB May Abandon DTI in QM Rule


According to reports, in her letter last week to members of Congress Director Kathy Kraninger indicated that the CFPB might abandon the Debt-to-Income (DTI) construct for the general Ability to Repay/Qualified Mortgage and move to a rate-spread construct, which might mean an APOR/APR spread would become the focus. According to RESPRO® legal counsel Richard Andreano, "If so, this would dramatically increase the implications of the inclusion of affiliate fees in points and fees." RESPRO® continues to focus on ending discrimination against affiliates and will be working to ensure any changes do not harm AfBAs further at a minimum.



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