Bair Calls for QRM Rules to Set the ‘Gold Standard’ for Market Reform
December 13, 2010
Rules regarding “qualified residential mortgages” should allow servicers to use best practices in easing losses through loan modifications, among other things, Federal Deposit Insurance Corp. Chairman Sheila Bair told lawmakers. In recent testimony before the Senate Committee on Banking, Housing and Urban Affairs on mortgage servicing issues, Bair said...