Quantcast
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.

Immigrants Emerging as Unintended Victims of QM

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.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.