Finance
Under the Qualified Mortgage (QM) rule, a borrower's back-end debt-to-income ratio generally may not exceed:
A36%
B41%
C43%✓ Correct
D50%
Explanation
Under the QM rule, a borrower's total DTI ratio generally may not exceed 43% to qualify for a Qualified Mortgage, which provides lenders with certain legal protections.
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