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URGENT "CALL TO ACTION" REGARDING QRM

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David Lykken

David Lykken

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Greetings Listners,

If ever there was a "must listen to" broadcast, it would be this broadcast.  The special guest we had on today's broadcast was MITCH KIDER of the law firm Weiner Brodsky Sidman Kidder, PC located in Washington, DC.  On this program, Mitch gave us an important update about Qualified Residential Mortgage (QRM).  Our discussion covered three general areas of this critical issue.  They are...

  1. How likely are changes to the current definition of QRM?
  2. If changes are likely, what aspects of the rule are most likely to change?
  3. What is the most likely time line for next steps and implementation?

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