About Those New Qualified Mortgage (QM) Rules...

About 20 years ago, it was fairly common for home builders to have close relationships with outside mortgage lenders.  This was done for two reasons:  to streamline the financing process for their buyers, and to bolster their competitive position by offering various incentives for using these affiliated lenders.  Throughout the 1990s, most large builders figured out that bringing these operations under the corporate umbrella – including in-house title and escrow services -- could make the process even more efficient, while also adding more revenue streams to the bottom line.

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