Political Quotes

Blaine Luetkemeyer: One of the problems with the QM rule is that by saying it is a qualified mortgage means it is a qualified mortgage…

On the recordJune 8, 2016
One of the problems with the QM rule is that by saying it is a qualified mortgage means it is a qualified mortgage, inferring that it is a preferred mortgage.
Said by
Blaine Luetkemeyer
Republican · Missouri

Editor's note · Context

The QM rule creates liability concerns for banks regarding nonqualified mortgages.

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