Qualified Residential Mortgage and Risk Retention
After nearly three years of deliberations, regulators finalized the Qualified Residential Mortgage (QRM) rule in October, 2014. The final rule includes a broad definition of QRM and aligns it with the Qualified Mortgage standard implemented earlier in 2014. Previously proposed QRM rules imposed high down payment requirements.
Related Resources and Videos
In the video above, NAR Research and Government Affairs analysts talk about the impact of the rule and what’s ahead.