NAC Blog: TRIVIA Time: Qualified Mortgage
It’s time for some policy trivia! Question: What has been one of our top policy priorities on access to credit over the past 2 years? Answer: The expiration of the QM patch and the new definition of Qualified Mortgage! Question: What government agency has jurisdiction over defining what loans are considered “Qualifed Mortgage”?Answer: Consumer Financial Protection Bureau or CFPB