FinServ GOP Kicks Off GSE Reform Hearings with QM Complaints
In this report, we assess the first of a series of House FinServ hearings on housing finance reform, with Republicans today targeting the GSEs’ exemption from the QM rule, rather than broader questions about what to do with the conservatorship. Chairman Hensarling (R-TX) and Rep. Duffy (R-WI) argued that the QM’s debt to income requirements should apply to the GSEs or be removed to ensure a level playing field.