Housing industry leaders expressed cautious optimism on Wednesday for a revamped proposed rule that eliminates stringent down payment requirements. Industry leaders — from banking groups to credit unions and consumer advocates — have pressed federal regulators to overhaul a qualified residential mortgage (QRM) rule proposed two years ago that they argued required unnecessary risk retention and capital requirements and would make most mortgages too expensive.
via Housing industry leaders express optimism for revamped risk-retention rule – The Hill’s On The Money.
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