House Financial Services Subcommittee Holds Hearing on Effects of QM Rule (with Delta Strategy Group Summary)

The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "How Prospective and Current Homeowners Will Be Harmed by the Consumer Financial Protection Bureau's ('CFPB') Qualified Mortgage ('QM') Rule."

The Delta Strategy Group's summary of the hearing (linked below) describes the views of the various participants in the hearing on how the QM Rule would impact mortgage markets and the ability of lenders to make mortgage loans.

Click here for a summary of the hearing by Delta Strategy Group.