Senator Bob Corker, a member of the Senate Banking Committee who has been an outspoken voice on housing reform, called for changes to the new mortgage standards that are being drafted by six regulatory agencies.
One such rule defines Qualified Residential Mortgages, or QRMs. These seemingly safer loans would be exempt from a "skin in the game" requirement that calls for mortgage originators to keep a portion of securitized loans on their books.
U.S. Senator sounds alarm on QRM