Federal Register Comments
Shawn Poynter / There Is More Work To Be Done
Shawn Poynter / There Is More Work To Be Done
HAC’s DRAFT comments on Credit Risk Retention and Qualified Residential Mortgages
HAC’s DRAFT comments on Credit Risk Retention and Qualified Residential Mortgages
The proposed rule regarding the credit risk retention requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provides protections to shield consumers from abusive lending practices. This rule package modifies a previous proposed rule on the same subject. In addition to prescribing requirements on issues of asset backed securities, the proposed rule defines what constitutes a Qualified Residential Mortgage (QRM). HAC’s comments on the impact of this rule on low- and moderate-income rural home buyers.
Download the comments in MS Word format.
Read HAC’s Rural Policy Note What is the QRM? And what does it mean for rural mortgage markets?