Proposed QRM rules may lead to high down payment requirements.
On Aug. 8, 2014, NAR President Steve Brown provided comments to the U.S. Department of Treasury in response to a request for Public Input on Development of Responsible Private Label Securities (PLS) Market.
QRM: Regulators Agree with NAR But Deal Not Done
Federal banking regulators have re-proposed the qualified residential mortgage (QRM) rule
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Down Payments Still an Issue in QRM Plan
Federal Agencies have signaled that the issue of downpayments is still on the table after the QRM rule was re-proposed, leaving out a controversial 20 percent minimum down payment requirement.