The Consumer Financial Protection Bureau proposed several changes to its biggest mortgage rules on Wednesday which would effectively allow lenders to get more loans defined as "qualified mortgages."

The changes addressed key areas that the financial services industry has raised concerns about since the rules took effect in January, including giving more flexibility for loans to meet QM status despite its cap on points and fees and its restrictions on debt-to-income ratios. The agency also plans to allow more nonprofit organizations to write QM loans and be exempted from its rule governing mortgage servicing.

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