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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC to Propose "Qualified Residential Mortgage" Definition

By Implode-Explode Heavy Industries

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"The debate over what counts as a "Qualified Residential Mortgage (QRM)" may be coming to an end in the near future. The Federal Deposit Insurance Corporation (FDIC) has scheduled a meeting of its Board of Directors for next Tuesday to vote on the issue. A draft of the proposed rule will be made available to the public at that time."

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).

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