I continue to hear concerns that the Qualified Mortgage rule discriminates against small lenders, minimizes consumer choice in lending, restricts access to credit, and makes providing credit much more costly.
Fitzpatrick highlights issues small lenders face due to the Qualified Mortgage rule.
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How is it the rating agencies get to pick and choose what debt they are going to rate and what debt they are not going to rate, especially when it affects small investors in the United States of America?
Transparency and government accountability is what sets the United States of America apart from most other countries in the world.
This rulemaking from the Department of Labor makes their inexperience in this area crystal clear.
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