Subject: File No. S7-14-11
From: Doug Brenner
Affiliation: President of Brenner Mortgage Corp.

April 26, 2011

This rule will just raise the cost to the consumer by a huge amount, 5% of the loan amount Non QRM loans will be available but the big banks and mortgage companies will now make 8% on each loan instead of 3%. They'll receive a 3% profit when the loan is made, and another 5% when the loan pays off. If FHA rates at the time are 6%, this will result in the consumer's interest rate being at least 7.5% and possibly as high as 10% on the QRM's. This isn't an opinion, this is fact. Check the market to confirm this. Please look before you leap. This would be great for Banks and Mortgage Companies, as we'll get rich. But aren't you supposed to look out for the consumer? Shame on you