The QM Choice
As previously noted, the CFPB has decided to restore the DTI-based QM along with the patch without withdrawing its price-based QM or the seasoning rule, essentially allowing mortgage lenders to do pretty much anything and sell as much of their volume as Fannie and Freddie will bear.  This certainly keeps the mortgage party going, allowing lenders and MIs to boost volume despite rising rates with new products for higher-risk borrowers as well as to do more ambitious loan-mods as the Bureau intends.

GSE-031021.pdf