QM rule could adversely affect blacks, Hispanics

10/22/2013 | AmericanBanker.com (free registration)

Some bankers and consumer groups are expressing concern about the impact of the Consumer Financial Protection Bureau's qualified-mortgage rule on blacks and Hispanics. Josh Silver, vice president of research and policy at the National Community Reinvestment Coalition, says his group is urging the CFPB to ease the 43% debt-to-income requirements to avoid "shutting out creditworthy borrowers."

View Full Article in:

AmericanBanker.com (free registration)

Published in Briefs: