NAR Comments on Qualified Mortgage Provision

On June 3, 2013, NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on further proposed revisions to the Ability-to-Repay or Qualified Mortgage (QM) rule. These changes provide more flexibility for lenders to qualify borrowers under the QM safe harbor standard which provides certain protections from liability in connection with the ability to repayContinue reading “NAR Comments on Qualified Mortgage Provision”