CFPB Provides QM Exemptions for Refinancing Risky Loans

The final qualified mortgage rule provides a wide exemption from the ability to repay underwriting standards when lenders refinance borrowers with hybrid ARMs, negative amortization loans and other toxic mortgages.

Article source: http://www.nationalmortgagenews.com/dailybriefing/cfpb-provides-qm-exemptions-refinancing-risky-loans-1033848-1.html

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