Revised Risk Retention Rule (QRM) Expected This Week without a Mandatory 20% Downpayment

August 26, 2013

ALTA expects that regulators will propose a new draft of the Qualified Residential Mortgage (QRM) rule this week that will closely mirror the Qualified Mortgage (QM) rule that came out of the Consumer Financial Protection Bureau (CFPB) earlier this year. The new proposal is expected to drop a 20% downpayment requirement that was included when the rule was first issued in 2011.

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Contact ALTA at 202-296-3671 or [email protected].