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CRL Response to CoreLogic Analysis of Qualified Mortgage (QM) Standards

February 20, 2013
Mortgage Lending

A recent CoreLogic report (The Mortgage Market Impact of Qualified Mortgage Regulation) asserts that 48 percent of the mortgage market would not qualify as a "safe loan" under new Qualified Mortgage (QM) guidelines. CRL's review of this study finds that CoreLogic's model unnecessarily excludes certain categories of loans and makes broad (and possibly unwarranted) assumptions about the expiration of the GSE exemption for QM loans.