On the recordJune 17, 2014
I have not had a single complaint about the impact of QM on individual borrowers or on the housing market itself.
Source
congress.govI have not had a single complaint about the impact of QM on individual borrowers or on the housing market itself.
Capuano notes a lack of complaints regarding the Qualified Mortgage rule's effects.
Share
More from Mike Capuano
it is unequivocally directed to your superiors who do have the authority to say no, and should have said no to this policy.
The fact is China launched this trade war against us in the year 2000, right after two-thirds of Democrats voted against giving China most favored nation status.
Unfortunately, H.R. 5037, seems to be aimed directly at the Martin Act, and by preempting these State laws, the bill would allow small-time fraud to run rampant.
I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.