NAR submitted a joint letter with other organization to federal regulatory agencies regarding high down payment requirements, under the Dodd-Frank Wall Street Reforma nd Consumer Protection Act, as part of the standards needed for loans to be designated as qualfiied residential mortgages (QRMs).
Comments: Federal Regulators on High Down Payments & QRM
Issue Date: March 16, 2011
NAR submitted a joint letter with other organization to federal regulatory agencies regarding high down payment requirements, under the Dodd-Frank Wall Street Reforma nd Consumer Protection Act, as part of the standards needed for loans to be designated as qualfiied residential mortgages (QRMs).
Download the letter