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Realtors® Testify Broad Qualified Mortgage is Critical to Bringing Certainty to Housing Finance System

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WASHINGTON (July 11, 2012) – The National Association of Realtors® today urged Congress and the Administration to develop a broadly defined Qualified Mortgage (QM) regulation.

The QM regulation is designed to ensure that lenders only make loans to borrowers who have the ability to repay the loan. If the QM regulation is too narrowly defined it could threaten the burgeoning housing and economic recovery by denying creditworthy borrowers access to safe, quality loan products, said NAR’s 2012 Vice President and Liaison to Government Affairs Read More

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