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No fair lending risks posed by QM, regulators claim

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Mortgage Professional America | 23 Oct 2013, 03:50 AM Agree 0
Federal regulators said Tuesday that they didn’t foresee that creditors who offered only “qualified mortgages” would risk violating any fair lending practices
  • Gordon Schlicke | | 23 Oct 2013, 03:07 PM Agree 0
    Sure, this sounds nice. But not if the "disparate impact rule" is applied to your business. If statistics show a pattern or practice of exclusion of protected classes you are in for a test ride with federal prosecutors. Good luck.
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