New Federal rules might ease tight lending restrictions

Daily Real Estate News | Tuesday, October 21, 2014

The mortgage-financing environment for households could improve as a result of a rule federal regulators put in place Tuesday. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill the federal government enacted after the financial crisis.

For details, go to http://realtormag.realtor.org/daily-news/2014/10/21/qrm-rule-opens-more-doors-for-consumers?om_rid=AAOu$6&om_mid=_BURrQ8B89I-c6R&om_ntype=RMODaily

 

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