Qualified Mortgage Rules 2014 Changes

New “QM” (Qualifed Mortgage) Rules Coming In 2014

Come January 10th 2014 there will be many new rules in place. The rule buzzing around the industry right now is “QM”-(Qualified Mortgage). The new rules were written by the Consumer Financial Protection Bureau to provide additional protection to home buyers from risky mortgages. Many of these risky loans are already extinct…IE negative amortization, no […]