There is a proposed regulation by Federal financial regulators that would require a minimum of 20 percent down payment for “qualified residential mortgages” (QRMs) that are exempt from mortgage-backed securities risk-retention rules. This can impact many homebuyers and is important for the real estate industry in general. Here is an interesting article worth a few minutes of your time:
RISMEDIA, April 7, 2011
Proposed QRM Regulation Will Impact Minority Homebuyers’ Ability to Get Affordable Mortgages
The National Association of Hispanic Real Estate Professionals (NAHREP) has recently raised concerns about the proposed regulation by Federal financial regulators that would require a minimum 20 percent...
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