Center for Responsible Lending: Qualified Mortgages Protect Borrowers
January 10, 2013 | Publication | Housing, MacArthur Award for Creative & Effective Institutions

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.