Big banks push for DTI rule change

The Bank of America, Quicken Loans, Wells Fargo and Caliber Home Loans are joining forces to push for a change in the Consumer Financial Protection Bureau’s Repay/Qualified Mortgage rule, asking it to eliminate its debt-to-income ratio requirement. The CFPB created the Ability to Repay rule following the financial crisis last decade, HousingWire reported. The rule

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