Regulators form proposal for more lenient mortgage rule

08/28/2013 | Bloomberg

Regulators are prepared to propose a more lenient version of the Qualified Residential Mortgage rule. The Federal Reserve, the Federal Deposit Insurance Corp., the Department of Housing and Urban Development, the Federal Housing Finance Agency, the Office of the Comptroller of the Currency and the Securities and Exchange Commission will allow time for public comment before each votes on the proposal, which would lessen the retention requirement for loans when banks repackage them.

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