Mortgage Lenders Cringe at Substantial Foreclosure Litigation Costs Under QM

Mortgage lenders cringe at substantial litigation costs under QM Mortgage bankers cringed at the latest litigation cost estimates they could face should the Consumer Financial Protection Bureau craft the Qualified Mortgage rule without a safe harbor. According to a memo from financial law firm Ballard Spahr to the Mortgage Bankers Association, more challenges would make … Read more
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