Comment letter sent to the Bureau of Consumer Financial Protection on the proper standard for assessing a borrower’s capacity to afford their monthly mortgage payments under the QM standard, and the legal protections accorded lenders for originating QMs.
Comments: CFPB on Qualified Mortgage
Issue Date: July 09, 2012
Comment letter sent to the Bureau of Consumer Financial Protection on the proper standard for assessing a borrower’s capacity to afford their monthly mortgage payments under the QM standard, and the legal protections accorded lenders for originating QMs.
Download the letter