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HUD proposes new QM definition

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Mortgage Professional America | 01 Oct 2013, 05:00 AM Agree 0
The Department of Housing and Urban Development on Monday proposed its own definition of a “qualified mortgage” that would be insured, guaranteed or administered by the department
  • Susan Bloom | | 01 Oct 2013, 11:07 AM Agree 0
    gotta love HUD
  • Gordon Schlicke | | 01 Oct 2013, 11:54 AM Agree 0
    Allowing borrowers to challenge lenders on Safe Harbor grounds lays the groundwork for "Nobody told me that" lawsuits. We are not going to win those. Yes, that's cynical but look at the record.
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