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Debt-to-income ratio

Answered by: 

Question: 
Does the General QM still require a 43% debt-to-income ratio.
Answer: 

The 43% ratio has been eliminated and replaced by a pricing analysis (APR v APOR). The regulation still requires an analysis of the consumer’s income and debt, and that analysis would general include a review of the debt-to-income ratio compared to the financial institution’s standards.

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First published on 02/21/2021

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