The qualified mortgage rule issued by the Consumer Financial Protection Bureau could be disruptive to the FHA single-family program, so the Department of Housing and Urban Development is starting the process of issuing its own QM rule.

Under the Dodd-Frank Act, the Federal Housing Administration has the authority to review the CFPB rule and issue a separate ability-to-repay rule for loans guaranteed by FHA, according to HUD spokesman Brian Sullivan.

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