Fannie Mae-No Politics (FNMA)

[tutt1126]

HERA gave life to conservatorship and QM for stricter rules in order to maximize gses.

Now biden want to promote low income houses . Biden must terminate QM immediately due to the extensions of eviction which caused landlords in billions and billions every month.

Biden will use his NONE QM to provide affordable housing for every color of American.

Non-QM vs. Qualified Mortgage

Non-QM loans are an alternative to qualified mortgage (QM) loans. More specifically, a Non-QM loan is one that is not required to meet the federal government and Consumer Financial Protection Bureau’s (CFPB) guidelines for qualified mortgages.


QM IS A GO.
NONE QM IS A STAY.