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Realtors® Say QRM Rule Will Provide Clarity in Housing Finance Market, Benefit Consumers

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WASHINGTON (October 21, 2014) – The following is a statement by National Association of Realtors® President Steve Brown:

“NAR applauds the Federal Deposit Insurance Corporation for finalizing the Qualified Residential Mortgage rule today, which includes a broad definition of QRM and aligns with the Qualified Mortgage standard implemented earlier this year.

“Realtors® are confident that the new QRM rule will encourage sound and financially prudent mortgage financing by lenders while also ensuring responsible homebuyers have access to safe and… Read More

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