03/15/2011
https://www.congress.gov...
"The QRM rule is a well-intended rule that has devastating consequences."
"It will put pressure on FHA, Freddie Mac, and Fannie Mae to the extent they can't stand it."
"We will never get our job market back until construction comes back."
"If QRM stays the way it is, and it only applies to loans with 20 percent down or more... it greatly eliminates the amount of 90 and 95 percent conventional financing."