This is the last time we will discuss this, as we have beaten this dead horse pretty severely. QM news is, however, at the forefront today and cannot be ignored: QM rules officially become effective today. QM stands for Qualified Mortgage, and the rules are an offshoot of the Dodd-Frank bill. As we stated before, the rules limit the amount of fees that can be charged, and they limit debt ratios to 43%. This initially sent shudders oRead More