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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

Coalition for Sensible Housing Policy

Video: QRM: A Win for Consumers, But More Work Needed to Improve Credit Access

In the video above, NAR Research and Government Affairs analysts talk about the impact of the rule and what’s ahead.

QRM and Consumers