Down Payment, LTV Limit Remain Likely For Final QRM

30 Aug 2013

A final qualified residential mortgage rule is likely to feature some down payment minimum and loan-to-value ratio limit, despite federal regulators removing those requirements in a revised proposal issued this week, market participants told SI.

A final qualified residential mortgage rule is likely to feature some down payment minimum and loan-to-value ratio limit, despite federal regulators removing those requirements in a revised proposal issued this week, market participants told SI.

Issuers hailed Wednesday’s revised proposal to sync the definition of a Qualified Residential Mortgage ...

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