WASHINGTON (April 16, 2012) – A narrow definition of the impending Ability to Repay regulation could harm consumers and the housing market recovery, according to the National Association of Realtors®.
In a letter sent today to Richard Cordray, director of the Consumer Financial Protection Bureau, NAR joined a broad coalition of lenders, investors, housing professionals, consumer advocates and civil rights groups to urge for a broadly defined Qualified Mortgage (QM) that covers a wide range of… Read More
