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Portfolio QM bill introduced in U.S. Senate
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Banking, Consumer Protection
Saturday, August 2, 2014
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Sen. Mary Landrieu, D-La., proposed a bill that will grant qualified mortgage status to loans that certain creditors hold in portfolio. The bill, introduced July 22, differs in at least one important respect from portfolio QM legislation advanced by the House Financial Services Committee earlier this year. Read on for the details.
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