Finance
Under the Dodd-Frank Act, a Qualified Mortgage (QM) generally prohibits a borrower's debt-to-income ratio from exceeding:
A36%
B41%
C43%✓ Correct
D50%
Explanation
Qualified Mortgage standards under the Dodd-Frank Act generally require that a borrower's total debt-to-income (DTI) ratio not exceed 43%. QM loans provide certain legal protections to lenders against borrower claims.
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