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House Financial Services Committee to hold hearing on QM rule

Posted in Mortgages

The House Financial Services Committee has announced that on Tuesday, January 14, it will hold a hearing entitled “How Prospective and Current Homeowners Will Be Harmed by the CFPB’s Qualified Mortgage Rule.” 

The witnesses scheduled to appear are: (1) Jack Hartings, President and Chief Executive Officer, The Peoples Bank Co., on behalf of the Independent Community Bankers of America, (2) Bill Emerson, Chief Executive Officer, Quicken Loans, Inc., on behalf of the Mortgage Bankers Association, (3) Daniel Weickenand, Chief Executive Officer, Orion Federal Credit Union, on behalf of the National Association of Federal Credit Unions, (4)  Frank Spencer, President and Chief Executive Officer, Habitat for Humanity Charlotte, and (5) Michael D. Calhoun, President, Center for Responsible Lending.