Battle Over Down Payment Requirements Still Looms in New QRM Plan

Adler, Joe
September 2013
American Banker;9/4/2013, Vol. 178 Issue 136, p1
Trade Publication
The article discusses the U.S. banking industry's reaction to regulators' proposed securitization standards for qualified residential mortgages (QRMs) as of September 4, 2013. The article notes QRMs will be exempt from credit risk retention and no down payment will be required. Topics include the Consumer Financial Protection Bureau's (CFPB's) ability-to-repay rule for qualified mortgages (QMs) and the credit risk retention required for non-QRM loans.


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