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Statement From NAR President Gary Thomas on Qualified Residential Mortgage Rule

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WASHINGTON (August 28, 2013) — The following is a statement by National Association of Realtors® President Gary Thomas:

“The re-proposed Qualified Residential Mortgage rule announced this morning is a victory for homebuyers and the future of homeownership in this country. This version of the QRM rule will give creditworthy buyers access to safe and affordable loan products without overly burdensome downpayment requirements.

“The new standards, which align with those applied to Qualified Mortgages, are stringent enough to protect consumers from… Read More

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