For example, interest-only loans are a popular type of mortgage that are not covered by the QM rule. Many lenders will still originate these loans because there is a demand for such a product. These will probably be the most common loan type under the non-QM umbrella, with high-net-worth borrowers the likely target.
Alimony income. For purposes of making an IRA contribution, taxable alimony income counts as qualifying income. This is a special rule that permits you to build retirement savings in an IRA even if you rely on alimony income for your support. The rule applies only to taxable alimony income, though.
Are Roth IRA distributions taxable? Roth IRA distributions of your original contributions arenât taxable; however, earnings or interest on those contributions can be taxable if either of the following are true: You didnât have your Roth IRA for five years before taking the distribution.