Lenders Blame QM Rule: New mortgage rules enacted this year are prompting banks to issue fewer home loans, according 
to a Federal Reserve Board report released this week. Qualified Mortgage (QM) is a law about ensuring lenders only make loans to borrowers who have the ability to repay the loan. New QM rules make sense to protect the consumer, but can also give lenders pause. Under the CFPB's rules which went into effect in January, loans must meet certain underwriting criteria to be considered qualified mortgages, Learn more.
to a Federal Reserve Board report released this week. Qualified Mortgage (QM) is a law about ensuring lenders only make loans to borrowers who have the ability to repay the loan. New QM rules make sense to protect the consumer, but can also give lenders pause. Under the CFPB's rules which went into effect in January, loans must meet certain underwriting criteria to be considered qualified mortgages, Learn more.
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