The Consumer Financial Protection Bureau wants to keep credit flowing by allowing lenders to rely on Fannie Mae, Freddie Mac and Federal Housing Administration automated underwriting systems to meet the underwriting standards of the new qualified mortgage rule that was issued early Thursday morning.

During a seven-year transition period, loans approved by the GSE and FHA AU systems can exceed the 43% debt-to-income ratio and still be considered QM loans that enjoy a safe harbor from litigation.

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