12/13/2023 0 Comments Qm loan requirementsAdjustable-rate or step-rate mortgage loans are not eligible to be Seasoned QMs. If a loan is a subordinate-lien loan, the loan is not eligible to be a Seasoned QM. To be eligible for Seasoned QM status, a loan must meet the following requirements: to encourage creditors to increase the origination of non-QM loans in a responsible manner." The Seasoned QM Final Rule provides a safe harbor for Seasoned QMs, regardless of whether the loan is a higher-priced loan. The CFPB notes in the Final Rule that "a fundamental goal of.
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