mr. calhoun. because there are various reports that say blacks and hispanics will have a harder time obtaining credit, or will mostly be given the higher priced non qm loans now that the rules are effective. can you clarify what lending options will be available to low-income americans who may not meet the 43% debt to income limit. >> thank you. first of all as noted under the current rules that a loan can go beyond the 43% if it meets any loan that would qualify for fha insurance is per se a qm loan and we urged with industry that they allow for the capacity. for smaller lenders urge for exception. o freax, mortgage rates are 4.5% today. for community banks, they can charge up to 8% interest today on loans. and that would meet the qualified mortgage safe harbor level. that allows for a lot of features to accommodate. we think they should do that. and that it's made a good faith effort. there may be places that it needs to tweak. they did set up a program, an exception for nonprofit programs. a co

mr. calhoun. mr. calhoun, do you have some help that you can give me with reference to the size of a community bank? >> i think it's fair that over 9 0% are below the level and covered by the small business provision. i don't think there's a precise definition. the vast bulk are below that. >> i have nine seconds. yes or no. $30 billion, is that a community bank? >> i don't consider that a community bank. >> more than $30 billion a $30 billion a community bank, raise your hand. anyone? i yield back. thank you. >> thank you, madame chair. following up on your opening, madame chair, with respect to the roundtable we had in pittsburgh, i would like to offer or ask unanimous consent to put into record statements from participants in that roundtable. >> without objection. >> these individuals all expressed concern. this was november 12 we had the roundtable in pittsburgh. as currently written the qm rule will cause harm to the housing market and make it more difficult for working families in western pennsyl