Housing Policy Council President and former Federal Housing Finance Agency Director Ed DeMarco visited HousingWire to talk about the latest developments on the Qualified Mortgage and the Ability to Repay rule.

In this podcast episode, DeMarco talks about the shifts in the QM, and what it would mean to remove the debt-to-income requirement from Ability to Repay. Is the pricing threshold a better option, or could it be better used to determined what isn't QM, instead of what is? DeMarco explains the difference, and what his take on it is.