EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Mark Wittstadt: Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

What to expect when you’re expecting a CFPB administrative action

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Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
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Items Tagged with 'QM rule'

ARTICLES

Democrats push new bill allowing community banks to exceed QM rule

Bill has broad support among Democratic committee members
Ben Lane
The leading Democrats on both the Senate Banking Committee and the House Financial Services Committee are pushing a new bill designed to provide regulatory relief to community banks and increase consumer protections. Most notable among the bill’s provisions is a stipulation that would allow smaller banks to exceed the QM rules while still qualifying for QM Safe Harbor.
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Urban Institute: Qualified Mortgage impact overblown

New rules have only slightly slowed mortgage lending
Ben Lane
According to new analysis from the Housing Finance Policy Center team at the Urban Institute, there has been “surprisingly little impact” on the mortgage origination numbers since QM went into effect in January.
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Black Knight: Originations fall to lowest level in 14 years

Foreclosure sales down to 2007 level; 95% mods to reset
Trey Garrison
Black Knight Financial Services mortgage data for February data showed that monthly mortgage originations dropped to the lowest number in at least 14 years.
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What tomorrow may bring: How QM impacts Realtors

Real estate agents should ask homebuyers to get conditional mortgage approval
Kerri Ann Panchuk
Real estate agents have been somewhat absent in the whole debate over the qualified mortgage lending and ability-to-repay rules, but they are not immune from the consequences.
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Trickier non-QM loans will challenge private mortgage bond market

Moody's cites litigation risk as huge roadblock
Kerri Ann Panchuk
Non-QM loans packed into securitization deals could create excessive legal risk for investors at a time when their appetite for less-restrictive lending standards is growing.
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