The American Securitization Forum (ASF) filed its comment letter on proposed rulemaking as required under the Dodd-Frank Act for qualified mortgages (QMs) with the new Consumer Financial Protection Bureau (CFPB) and the Board of Governors of the Federal Reserve System (FRB).

In its comment letter, the ASF called on the CFPB and the FRB to enact a QM definition that is based on objective criteria that can be determined when a loan is made and that establishes safe harbor protection.

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