This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S

Items Tagged with 'QM'

ARTICLES

Dodd-Frank continues to smother mortgage lending

ABA survey: 78% say less credit available, 1/3 only do QM
The Consumer Financial Protection Bureau’s mortgage lending rules continue to cause a reduction in credit availability, with 19% of mortgage lenders surveyed saying the impact is “severe.” Want to know more?
Read More

Democrats push new bill allowing community banks to exceed QM rule

Bill has broad support among Democratic committee members
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.
Read More

Student debt costs housing $83B a year

Analysts: Skyrocketing higher ed costs create enormous drag
For more than a year HousingWire has been reporting on the link between high levels of student loan debt and the struggling housing recovery. Now there is a real value. And it's staggering.
Read More

NAR fights in support of mini-correspondent lenders

Urges CFPB not to restrict access to credit
The National Association of Realtors is urging the Consumer Financial Protection Bureau not to disrupt the imperative role mini correspondent lenders play in the home-buying process for Realtors. Too many rules can impede the process as much as too little, NAR warns.
Read More

MountainView set to invest in “non-prime” mortgages

Seeks to capitalize on underserved market
“The company is responding to demand in the origination market that is not being met by lenders who have significantly tightened underwriting requirements and are adversely affecting consumers who can in fact demonstrate the ability to repay their home loans,” MountainView said in a release.
Read More