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The Coalition for Sensible Housing Policy
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The Qualified Residential Mortgage
Members of Congress join the Coalition for Sensible Housing Policy to call for changes to the proposed QRM rule
The Qualified Residential Mortgage rule proposed by federal regulators will:
Raise costs for creditworthy homebuyers
Deny 25 million current homeowners the ability to refinance into a lower rate QRM because they lack 25 percent equity
Slow the economic recovery by further stifling the housing market
Ensure a large government footprint on the housing market for the foreseeable future
Read the
Coalition for Sensible Housing Policy's White Paper
on the damaging effect the regulators' QRM proposal would have on homebuyers and the housing market.
In the News
Atlanta Journal-Constitution: Senator Johnny Isakson: Revisit Down Payment Rule - 5/15/12
Time - Study: If Would-Be Home Buyers Have to Put 20% Down, 60% of Them Ain't Buying - 2/2/12
Washington Post - Michelle Singeltary - Hefty Down Payments Not the Answer to Fixing Mortgage Mess - 1/24/12
Huffington Post - Proposed Down Payment Rules Could Restrict Minorities' Access to Affordable Homebuying, Study Says - 1/18/12
Reuters: Regulators May Rework Mortgage Plan - 12/7/11
American Banker - Will Regulators Start Over on Risk Retention - 10/7/11
MSN Money - Rule that could kill housing market - 10/1/11
Ken Harney - 20 percent down? Don't bet on it - 9/23/11
