GOOD BORROWERS, NO CREDIT: Customers "may be very established in China
and can put down up to 60%," but may not fit the structure of a QM loan, says Alan Thian, CEO of Royal Business Bank.
People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.
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