Federal Agencies Issue a Second Proposed Interagency Rule on QRMs

Although proposed rule issued by the FDIC, FHFA, FRB, Dept. of Housing and Development, SEC and the OCC does not directly affect credit unions, as participants in the mortgage market place they would likely feel the impact; proposed rule would make the definition of a “qualified residential mortgage” consistent with the CFPB’s definition of a “qualified mortgage.” [8/29]