“The QM patch expiration presents an opportunity for regulators to streamline certain rules to put the housing-finance sector on the best possible footing going forward,” Redwood said.
The Pennsylvania AG opened a redlining investigation last year following a news report that white borrowers in Philadelphia received 10 times as many conventional mortgage loans as African-American borrowers.
Highlands Residential Mortgage COO suggests the CFPB raise the DTI ratio to 45% to accommodate borrowers who have a proven track record of responsible credit management.