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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Ability to Repay/Qualified Mortgage Rule QM & Small Creditor
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#1810926 - 05/03/13 06:49 PM QM & Small Creditor
HR Banker Offline
Diamond Poster
Joined: Oct 2002
Posts: 1,027
Do I read correctly that there is a proposal stating that small creditors can have a QM without the 43% DTI? If that is the case is there any idea when this will be decided?

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Ability to Repay/Qualified Mortgage Rule
#1810984 - 05/03/13 07:45 PM Re: QM & Small Creditor HR Banker
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
Soon enough to have time to be in compliance. I believe they expect it out in June.

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