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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Ability to Repay/Qualified Mortgage Rule All QM if kept in portfolio?
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#2078084 - 05/11/16 02:57 PM All QM if kept in portfolio?
MBTCompliance Offline
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Joined: Apr 2015
Posts: 351
If I recall correctly, there was a proposal that all mortgages originated and kept in the lender's portfolio would be considered qualified mortgages. Is this still being considered?

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Ability to Repay/Qualified Mortgage Rule
#2078492 - 05/12/16 10:05 PM Re: All QM if kept in portfolio? MBTCompliance
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,334
Galveston, TX
Proposed by whom and where?
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#2078497 - 05/13/16 01:45 AM Re: All QM if kept in portfolio? MBTCompliance
MBTCompliance Offline
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Joined: Apr 2015
Posts: 351
Found it. It passed the House but has not passed the Senate.

https://www.congress.gov/bill/114th-congress/house-bill/1210

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