The CFPBs new qualified mortgage rule, which went into effect last - TopicsExpress

The CFPBs new qualified mortgage rule, which went into effect last week, has the potential to greatly limit mortgage products available to Americans in low and moderate income areas. The rules onerous requirements prevent credit unions and community banks from tailoring products to the needs of the consumers and have led many to leave the market all together. Yesterday, I questioned industry leaders on the impact of these new rules: youtube/watch?v=1mWzCnkhlCA&feature=youtu.be

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