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Volume 2019 - Number 6

March 15, 2019

News Briefs

At a hearing on Capitol Hill this week, Kathy Kraninger, director of the Consumer Financial Protection Bureau, assured lawmakers that she won’t disrupt the mortgage industry by abruptly terminating the so-called qualified mortgage patch. With the patch, mortgages eligible for sale to the government-sponsored enterprises can receive QM status even if they have debt-to-income ratios greater than 43%. “It is evident that the [non-qualified mortgage] market has ... [Includes five briefs]

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