Regulators Release Final Qualified Residential Mortgage Rule
October 23, 2014
Six regulators released the final rule defining Qualified Residential Mortgages (QRM). The final rule, which aligns with the Consumer Financial Protection Bureau's definition of a "qualified mortgage," requires lenders to retain at least a 5 percent stake in loans they securitize unless they meet the definition of "qualified residential mortgages."
Contact ALTA at 202-296-3671 or communications@alta.org.