The proposed Qualified Residential Mortgage rule is a welcome simplification and relaxation of earlier proposals which, if enacted, will help to loosen mortgage credit conditions. But the inclusion of an alternative, stricter proposal means that uncertainty about the final content of the rule will not go away completely. And the proposals don’t sit well with the long-term aim of reducing the role of Fannie Mae and Freddie Mac in the mortgage market.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.