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Trades urge delay on QRM review
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Risk Retention
Tuesday, February 18, 2020
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A group of financial services trade associations recently wrote federal regulators to comment on potential changes to the qualified residential mortgage (QRM) status.
The Dodd-Frank Act created QRM loans, which were intended to have standards for credit risk retention which originators must meet to have a loan earn QRM status and the safe harbor protections which go along with it.
Read on for details of the associations’ request to federal regulators.
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