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How the Qualified Mortgage Rule Harms Rural Borrowers

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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

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Our small bank with 1 small branch has the misfotune of being in an MSA.
Our bank has made nothing but in portfolio balloon loans for many years.
Balloon loans are not a product for all. As Mr Taylor points out, they can be a viable alternative in rural areas where the property does not qualify for the secondary market.
I hope the CFPB will listen closer to the CEO of a state banking association, than a small town banker.Keep after them Mr. Taylor!!!
Posted by loanmaker | Thursday, January 24 2013 at 11:43AM ET
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