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Tuesday, January 29, 2013

OCC’s Curry: Regulators ‘Listening Carefully’ on QRM Definition

Regulators are listening carefully to all stakeholders as they work hard to finish the risk retention final rule and its definition of a “qualified residential mortgage,” Comptroller of the Currency Tom Curry said yesterday at the American Securitization Forum in Las Vegas.

Curry noted that there has been a great deal of controversy over the proposed QRM definition, and he assured attendees that he understands how important it is to them.
I can assure you that the OCC and the other regulatory agencies involved in its formulation are working hard to achieve our objectives: encouraging the availability of consumer credit on reasonable terms facilitated by the secondary mortgage market, on the one hand, and sound credit market practices and investor protection on the other.
Read Curry’s speech.

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