CUNA generally supports the CFPB’s proposal amending the definition of a General Qualified Mortgage and offered specific amendments to help credit unions in its comment letter filed this week. The proposal would, among other things, remove the 43% DTI cap and replace it with a price-based threshold.
https://news.cuna.org/articles/118371-qm-changes-make-them-viable-options-for-cu-originations
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