This content is from: Innovation

ASF, SIFMA Criticize Mortgage Proposals

The American Securitization Forum and the Securities Industry and Financial Markets Association have criticized the qualified residential mortgage (QRM) standards unveiled Tuesday, reports Housing Wire.

The American Securitization Forum and the Securities Industry and Financial Markets Association have criticized the qualified residential mortgage (QRM) standards unveiled Tuesday. In separate statements, the groups expressed concern that the regulations are too narrow and could drive people out of the home-buying market, a claim denied by Sheila Bair, chair of the Federal Deposit Insurance Corp., one of the regulators that crafted the proposals.

Click here to read the story from Housing Wire.

Related Content