qualified residential mortgage

Sign on now: tell regulators you support inclusive mortgage rules

Woodstock Institute and consumer advocates across the country were concerned about the original QRM definition because it would have excluded many borrowers of color, first-time borrowers, and low-wealth borrowers from the mortgage market by requiring a 20 percent down payment and strict credit history standards.

Comment Letter to Federal Regulators to Support Inclusive Definition of Qualified Residential Mortgage

This comment letter to federal regulators supports re-proposed interagency rules implementing the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. It urges regulators to support the qualified residential mortgage (QRM) rule's updated structure, which will protect both consumers and investors by promoting high-quality underwriting while not overly limiting credit in an already-tight credit market.
Subscribe to qualified residential mortgage