Finance
A NC borrower's 'debt-to-income ratio' for conventional mortgage qualification generally should not exceed approximately:
A28% front-end ratio
B43% total DTI for qualified mortgages (though some programs allow higher)✓ Correct
C36% front-end ratio
D50% total DTI for all programs
Explanation
The Dodd-Frank QM standard sets a 43% DTI limit for qualified mortgages, though GSE (Fannie Mae/Freddie Mac) programs may allow higher DTIs with compensating factors.
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