House Financial Services Committee Hearing: "Qualified Mortgages: Examining the Impact of the Ability to Repay Rule"

In a hearing before the House Financial Services Committee, Members of the Financial Institutions and Consumer Credit Subcommittee expressed concerns that the Qualified Mortgage rule mandated by the Dodd-Frank Act will reduce access to credit that qualified borrowers need to buy homes.

See: Webcast of the Hearing and Committee Memorandum.Testimonies: Mr. Peter Carroll, Assistant Director for Mortgage Markets, Consumer Financial Protection Bureau; Ms. Kelly Cochran, Assistant Director for Regulations, Consumer Financial Protection Bureau.