Government QRM rules should mirror QM rules, Corker says

01/22/2013 | National Mortgage Professional · Hill, The

Sen. Bob Corker, R-Tenn., is asking federal housing regulators to match their qualified residential mortgage rules to rules issued by the Consumer Financial Protection Bureau for qualified mortgages. If the rules do not match, he wrote in a letter, "many lenders may only make loans that could be sold to Fannie, Freddie or the FHA, which would effectively regulate private capital out of the system for years to come."

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National Mortgage Professional · Hill, The

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