The Dodd-Frank Wall Street Reform and Consumer Protection Act created an important new class of home mortgages that is aimed at helping mortgage lenders implement an "ability to repay" standard imposed by the law. These mortgages are more commonly referred to as:

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The term for the new class of home mortgages created by the Dodd-Frank Wall Street Reform and Consumer Protection Act that helps lenders implement an "ability to repay" standard is called qualified mortgage loans. These loans meet specific criteria that are meant to ensure that borrowers are able to repay the debt, reducing the risk of default on the loan. Subprime mortgage loans, alt-A mortgage loans, and hybrid mortgage loans are not the same as qualified mortgage loans and do not necessarily meet the same criteria.

The Dodd-Frank Wall Street Reform and Consumer Protection Act Created