QRM Rule Revision Victory for NAR

On Aug 28 regulators proposed easing a measure to require lenders to keep a stake in mortgages that they securitize, an effort designed to discourage the kind of risky loans that contributed to the subprime credit crisis. The 505-page(!)  draft regulation written by six agencies drops a requirement that lenders retain a stake in mortgagesContinue reading “QRM Rule Revision Victory for NAR”