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Money & Taxes

Real Estate Insight with a focus on Money & Taxes

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Mortgage Availability Tightening? QM Takes Effect Today

Mortgage Availability Tightening? QM Takes Effect Today

Qualified Mortgage (QM) Rule Increases Risk for Borrowers

NAR has been working with federal regulators since Congress in 2010 passed massive banking reform legislation, part of which created the qualified mortgage and qualified residential mortgage rules. Today is an important day in the timeline of those rules, because today is the day the qualified mortgage (QM) rule takes effect, and NAR has told […]