Banks Blame New QM Rules for Fewer Home Loans

New mortgage rules enacted this year are prompting banks to issue fewer home loans, according to a Federal Reserve Board report released this week. The survey asked large U.S. banks and foreign banks about the effect of the new qualified mortgage rules, also known as the ability-to-pay rules, and their impact on approval rates for home purchase loans.

via Banks blame new QM rules for fewer home loans.

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