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Qualified Residential Mortgage rule update


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On August 28, the six financial federal regulators responsible for writing and implementing the Qualified Residential Mortgage rule, or "QRM", re-proposed the rule after receiving considerable pushback from the National Association of REALTORS (NAR), other housing industry groups, consumer groups, and lawmakers. The re-proposed rule sharply revises the definition of QRM and marks a victory for REALTORS. 

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 NEW YORK STATE ASSOCIATION OF REALTORS ® INC.
130 Washington Avenue
Albany, NY 12210-2220
518.463.0300
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