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All of the following are true related to the new Qualified Mortgage ( QM ) rules EXCEPT The QM requires the lender to make a
All of the following are true related to the new Qualified
Mortgage QM rules EXCEPT
The QM requires the lender to make a good faith determination of
the borrower's Ability to Repay
Overall debt ratio is limited to of gross income
The QM only refers to year conventional loans
Fees and costs are limited to no more than
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