The American Credit Union Mortgage Association has urged federal regulators to relax some of their proposed rules on what it will take to get a qualified residential mortgages.

Qualified residential mortgages, or QRMs, are those which issuers of mortgage-backed securities will not have to retain 5% of their value if they are included in those securities.

Analysts expect QRMs could become the "conforming mortgages" in a reformed secondary mortgage market.

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