The Center for Responsible Lending has published a fact sheet to help consumers navigate the qualified mortgage borrowing process. A winner of the MacArthur Award for Effective and Creative Institutions, the Center supports qualified mortgage rulemaking as a measure of protecting borrowers from future lending crises by making sure they can repay their mortgages before engaging in a binding transaction. The fact sheet is intended to help borrowers understand qualified mortgage standards set forth by the Consumer Financial and Protection Bureau.
MacArthur Award for Creative & Effective Institutions
Continuing MacArthur's tradition of encouraging creativity and building effective institutions to help address some of the world's most challenging problems, these annual awards recognize exceptional Foundation grantees and help ensure their sustainability.