Mortgage lenders with affiliated settlement service businesses will be subject to different standards under the QM "points and fees" cap regardless of the outcome of the Consumer Mortgage Choice Act. Find out how to calculate your company’s “points and fees” for purposes of determining whether your loans will trigger the cap, and get advice on how you can structure your operations to minimize the impact.
For many observers, “skin in the game” is synonymous with a large down payment that limits lender or investor risk. However, skin in the game can be defined much more broadly, since financial investment is only one factor that mitigates risk.
The Silicon Valley area added 385,000 jobs between 2010 and 2015, but only issued building permits for 58,000 units in that same time frame, creating an unsustainable housing marker that shuts out all but the richest buyers. What, if anything, can be done to cool off skyrocketing home prices?