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Consumer Financial Protection Bureau

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Fear and loathing of QM rule is not necessary 

Jan 07, 2014By

Despite assurances from regulators not to fear the new Qualified Mortgage rule and even lend outside of it, servicers and lenders remain cautious about the Friday implementation of the guidelines. The one person asking them not to worry is, ironically enough, Richard Cordray, director of the Consumer Financial Protection Bureau.

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