Proposed Changes to Qualified Residential Mortgage Requirements Would Impact Most Home Buyers

The proposed QRM rule is a risk retention rule required under the Dodd-Frank reforms that is intended to ensure that lenders have “skin in the game”.  It would require loan originators to retain risk equal to 5 percent of all but the safest mortgage loans.  The loans that would be exempt from the risk retention requirements would have a minimum down payment of 20 percent or more.. >> More

This proposed rule change is significant and opposition to these changes is increasing.