Qualified Mortgage

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January 1, 1 6 min read Definitions

Qualified Mortgage QM Dodd-Frank Act Mortgage Lending Financial Crisis Debt-to-Income Ratio Interest-Only Payments Negative Amortization

A Qualified Mortgage (QM) is a home loan that adheres to the guidelines set forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to mitigate the risks associated with mortgage lending and prevent practices that led to the financial crises like the 2008 credit crunch.

Read more about Qualified Mortgage (QM).