The Financial Services Roundtable and the Roundtable’s Housing Policy Council’s statement on the CFPB’s final rule on the Ability to Repay/Qualified Mortgage Regulation

WASHINGTON, DC – January 11, 2012 – (RealEstateRama) — The CFPB’s final Ability to Repay/Qualified Mortgage regulation will be a defining force for all mortgage lending. The Roundtable and its Housing Policy Council share the primary goal of the rule to ensure that borrowers have the ability to repay a mortgage loan. We appreciate the open process the Bureau has followed in preparing this rule by engaging all stakeholders in discussions of the rule and its implications