Small Banks Mortgages Held In Portfolio Should Be QM, CSBS Says
December 16, 2013
The Conference of State Bank Supervisors called upon Congress to confer small creditor qualified mortgage status upon all mortgages held in portfolio by community banks, as part of a larger call to right-size federal regulations that disproportionately focus on the risks to huge institutions, at the expense of smaller institutions.One of the primary examples of regulatory relief for smaller institutions has come from the CFPBs Small Creditor QM rule, the organization said in a white paper released last week. The small...