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ICBA Urges Changes to CFPB Qualified Mortgage Rule

Washington, D.C. - February 27, 2013 - (RealEstateRama) -- The Independent Community Bankers of America® (ICBA) today said that final mortgage rules issued by the Consumer Financial Protection Bureau (CFPB) should be adjusted to avoid leaving many consumers without access to mortgage credit. In a comment letter, ICBA wrote that while it appreciates accommodations for community banks in the CFPB’s new ability-to-repay and qualified mortgage (QM) regulations, the bureau should expand on these efforts to preserve access to credit for small-market customers.

NAR Statement on the Qualified Mortgage Rule

WASHINGTON, D.C. - January 11, 2012 - (RealEstateRama) -- “The National Association of Realtors® applauds the Consumer Financial Protection Bureau for creating a broadly defined Qualified Mortgage rule that establishes strong consumer protections while ensuring continued access to safe, affordable mortgage credit

NCRC Statement on the CFPB’s Qualified Mortgage Rule

Washington, DC - January 10, 2012 - (RealEstateRama) -- Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement:

Statement from NAHB Chairman Barry Rutenberg on Qualified Mortgage Rule

WASHINGTON, D.C. - January 10, 2012 - (RealEstateRama) -- Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla., today issued the following statement regarding the Consumer Financial Protection Bureau’s newly-released standard on the definition of a qualified mortgage (QM) which addresses the borrower’s ability to repay a home loan:

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HUD - U.S. Department of Housing and Urban Development

HUD OFFERS $112 MILLION TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME...

The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very low-income persons with disabilities.