Doug explains what the QM & QRM rules are and how they apply to borrowers in today’s market.
- QM (Qualified Mortgage Rule) was intended in Dodd-Frank to define a minimum loan standard, not to define a low risk loan.
- QRM was intended to set a standard for loans placed in a mortgage backed security (MBS) that have a low credit risk as evidenced by their past performance.
Listen in to find out how this may apply to your situation or contact Doug directly:
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Doug Haldeman
314/472-DOUG (3684)
(NMLS: 298419)
Audio with Doug on QM and Pre-Approvals
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