Ohio MBA coverage: Mortgage industry may be ‘losing ground’ in fight for QM safe harbor | News

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Ohio MBA coverage: Mortgage industry may be ‘losing ground’ in fight for QM safe harbor

Banking

Wednesday, May 16, 2012

The Consumer Financial Protection Bureau appears to be leaning toward adopting a rebuttable presumption of compliance structure as part of its qualified mortgage rulemaking, according to leaders at the Ohio Mortgage Bankers Association. Read on to learn why one association leader believes a QM rebuttable presumption could destroy the mortgage market.

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