We have a stated policy DTI limit as well, but if it exceeds that by some small amount and they have good residuals and other credit factors are acceptable, we will take it to loan committee to request approval over limits.
Last edited by RR Joker; 01/06/20 01:49 PM.
It's not a habit, so ours would still be an exception to the norm, and I would still consider these QMs.
My opinion only. Not legal advice.
Say you'll haunt me - Stone Sour