An overwhelming majority of bankers say the Ability-to-Repay and Qualified Mortgage rules have reduced available real estate credit. But the level of severity is diminishing.

Seventy-four percent of banks report that credit availability in real estate lending has been reduced as a result of the ATR/QM rules.

While non-QM lending had accounted for 16 percent of 2013 originations, the share has dropped to just a 10th as of 2017 — though that was modestly higher than 9 percent a year earlier.

Source: Mortgage Daily