The Ticker
Lawmakers push for QRM with flexible downpayment requirements
2/18/13 3:36pm
Housing industry leaders and congressional lawmakers are ramping up their push for regulators to resolve a residential mortgage rule without placing strict down payment requirements on borrowers.
Bankers, real estate agents, home builders and lawmakers got a renewed jolt after President Obama's State of the Union address to press their point that new rules determining a borrower's ability to repay a loan will be the central consideration for obtaining a mortgage.
