mortgage lending rules

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Wells Fargo, Bank of America, Quicken Loans, others want DTI requirement eliminated from QM lending rules

Sep 10, 2019By

Four of the largest mortgage lenders in the country are leading a coalition that is calling on the Consumer Financial Protection Bureau to make to changes to the Ability to Repay/Qualified Mortgage rule. Specifically, the group, which includes Bank of America, Quicken Loans, Wells Fargo, and Caliber Home Loans, wants the CFPB to do away with the QM rule’s debt-to-income ratio requirement.

3d rendering of a row of luxury townhouses along a street

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