Government

Tell Congress: 20% Down Payments Put the American Dream Out of Reach

May 19, 2011 The 2 Mortgage Guys General News & Information, Government, Indiana Mortgage Blog No Comments 20% down payment, QRM, Qualified Residential Mortgages

Could you afford a 20% down payment? Can realtors envision what their prospective client pool will look like if new regulations governing QRM take effect? Please contact Congress today and ask them to please make it clear to the regulators that this was not their legislative intent and to instead implement a more reasonable Qualified Residential Mortgage (QRM) that will keep credit-worthy buyers in the market and able to acquire a loan.