Press
CUNA statement on QRM final rule
(October 21, 2014) — The following statement is by Credit Union National Association’s Mary Dunn, SVP & deputy general counsel:
“CUNA has advocated strongly for the important step of aligning the Qualified Residential Mortgage with the existing Qualified Mortgage definition. Doing so encourages lenders to work with creditworthy borrowers to make home loans that will continue to drive the country and our economy forward. The Federal Housing Finance Agency, the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency finalized the rule this morning. We look forward to the Federal Reserve, Securities and Exchange Commission and Department of Housing and Urban Development continuing to finalize the rule tomorrow.”