Almost half of 2010 mortgages wouldn't fall under QM safe harbor

02/12/2013 | Wall Street Journal, The

Only 52% of the mortgages made in 2010 would fall under a safe-harbor provision in the Consumer Financial Protection Bureau's qualified-mortgage rules, according to CoreLogic. The firm found that 24% of all originations from 2010 did not meet the stipulation that borrowers' debt-to-income ratio not exceed 43%.

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Wall Street Journal, The

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