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What is the QRM? And what does it mean for rural mortgage markets? Cover Image

What is the QRM? And what does it mean for rural mortgage markets?


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On August 28, 2013, a group of six Federal agencies issued a proposed rule to implement certain requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The group included Federal Banking Agencies (namely the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation) joined by the U.S. Securities and Exchange Commission, the Federal Housing Finance Agency and the Department of Housing and Urban Development.

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