Fitch Raises Red Flags About CFPB Plan to Eliminate DTI Requirements from QM Lending Rules

HousingWire, Feb. 12, 2020–Ben Lane
Some of the nation’s largest mortgage lenders and housing trade groups [including the Mortgage Bankers Association] may support the Consumer Financial Protection Bureau’s plan to eliminate the debt-to-income ratio requirement of the Qualified Mortgage rule, but Fitch Ratings claims the change would be dangerous for borrowers.