The qualified mortgage rule makes high-balance loans more risky particularly for interest-only jumbos and jumbos with debt-to-income ratios above 43%. But homebuilders are finding plenty of lenders that will serve their customers.

Luxury homebuilder Toll Brothers has its own mortgage shop that continues to originate IO jumbos. And TBI Mortgage has no trouble finding buyers for those non-QM mortgages.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.