1ntry to credit remains an issue #ith no!ice and lo# to moderate income borro#ers struggling to be eligible for a a residence mortgage. )he 'ability to repay( rule could fuel this trend and further tighten credit to #orthy borro#ers.7ust ho# do the latest rules for a +ualified mortgage transform it into a better mortgage1arly this coming year, the Consumer inancial Protection Bureau/s '+ualified mortgage rule( #ent into effect. )his rue #as created to help the consumer obtain a better mortgage. )o get designated an eperienced mortgage, a loan must fulfill certain re+uirements, including894 : percent cap on points and lender/s fees for loan numbers of ;<==,=== or e!en more.94 maimum debt5to5income ratio of >: percent, and therefore debt payments can/t eceed >: percent from the borro#er/s before5ta income.Ho#e!er, there are eceptions. )he percentage cap on fees is higher for smaller loans, and a fe# mortgages backed by annie Mae, reddie Mac along #ith the H4 may ha!e debt5to5income ratios abo!e >: percent.&n the testimony ahead of the House Banking Committee, some lenders complained concerning the >: percent limit for debt to income ratios. )hey said on many occasions, borro#ers could possibly get an impro!ed mortgage and afford loans at higher ratios, and dreamed of being allo#ed lee#ay inside their lending decisions, and not attach a tough debt to income ratio for the process. urther, lenders had asked for a debt5to5income ratio number for clarity and so are no# complaining regarding it.1actly #hat does this implies for your rural borro#ers4lfred Winningham, testifying on behalf of the ?ural Bankers 4ssociation, mentioned that the ne# +ualified mortgage rule #ill restrict mortgage lending in rural areas. Mr. Winningham@s bank can/t pay for the legal perils of epanding its lending efforts, although his bank is eempt from some of the rules since it under#rites less than A== mortgages annually. e!ertheless in =<, Winningham@s bank closed >>< mortgages, that #ill lea!e little room for de!elopment in mortgage lending side.Where do Credit unions fit in7enny Maloney, representing the 4merican 0ending &nstitution 4ssociation, testified that current regulations build a costly and unnecessary -compliance burden.- She remarked that -Credit unions didn/t result in the financial crisis and shouldn/t be caught inside the crosshairs of regulations geared to#ards those entities that did.( Ms. Maloney testified that getting a better mortgage can be achie!ed using #ebsites like iWantaBetterMortgage.Com. Businesses like this can help lo#er costs industry #ide on both the consumer and mortgage lenders end. &t@s a #in5#in for the industry.