Community Banks Get QM Exemption to Make Balloon Loans

The Consumer Financial Protection Bureau has carved out a special exemption in the final qualified mortgage rule so that community banks and credit unions can continue to make balloon-payment loans in rural and underserved areas.

Article source: http://www.nationalmortgagenews.com/dailybriefing/community-banks-qm-exemption-balloon-loans-1033818-1.html

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