Republican presidential candidate Mitt Romney sharply questioned President Barrack Obama’s regulatory policies during the debate Wednesday evening, including the incumbent's failure to finalize a “qualified mortgage” (QM) rule, which has stifled the housing market.

Under the law, the Consumer Financial Protection Bureau (CFPB) must require lenders to ensure a borrower has the ability to repay a loan unless it is a QM. But the agency has repeatedly delayed issuing a final rule – something Romney seized on in his remarks.

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