Sen. Bob Corker, R-Tenn., is urging federal regulators working on the qualified residential mortgage rule to keep it simple and make the QRM rule very similar to the qualified mortgage rule.

If the QRM risk retention rule is not similar to the QM ability-to-repay rule, according to Corker, most lenders will only make Fannie Mae, Freddie Mac and Federal Housing Administration loans, which could stall efforts to revive private lending.

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