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Items Tagged with 'Ability to Repay'

ARTICLES

Rates are low, prices stable — why is no one buying?

(Motley) Fool you twice on housing, but not three times
Trey Garrison
Motley Fool's take on whether it's a good time to buy a home is good. It's just that it's a stool with two legs — they're missing something critical.
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The challenge of the ability-to-repay rule in 2014

Panel on non-traditional mortgage investments takes a look
Trey Garrison
How far does the ability-to-repay rule obligate lenders? The definitions are hazy and there's a world of new precedent that could be set in courts.
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From HW Magazine

Don't call it a comeback -- because it's not

A real restart for private-label RMBS issuance faces a daunting set of obstacles
Christopher Whalen
A financial industry publication recently reported, “Carrington Mortgage, Citadel Servicing and New Penn Financial are planning securitizations of newly originated subprime mortgages.” The publication went on to say in breathless tones that “[t]he offerings, on the slate for 2014, would confirm recent predictions that deals would soon start flowing in the asset class…”
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Lenders receive compliance guidance

MBA Education releases ATR/QM resource guides
Brena Swanson
The Mortgage Bankers Association Education released a compliance guide to help explain the Ability to Repay and Qualified Mortgage rule, which includes information for basic training for staff and operational rule requirements.
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