One of the problems with the QM rule is that by saying it is a qualified mortgage means it is a qualified mortgage, inferring that it is a preferred mortgage.
Blaine Luetkemeyer: “One of the problems with the QM rule is that by saying it is a qualified mortgage means it is a qualified mortgage…”
On the recordJune 8, 2016
Source
congress.govEditor's note · Context
The QM rule creates liability concerns for banks regarding nonqualified mortgages.
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