MBA CMB Practice Questions - Certified Mortgage Banker (Residential) Exam

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Under the ATR/QM rule, what is the maximum debt-to-income ratio for a General QM loan covered by the price-based threshold replacing the prior 43% DTI cap?

No fixed DTI; lender must verify and consider DTI but use APR/APOR spread 43% DTI 45% DTI 50% DTI

Correct Answer:

No fixed DTI; lender must verify and consider DTI but use APR/APOR spread

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