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Items Tagged with 'QM'

ARTICLES

Are black and Hispanic buyers being squeezed out of the housing market?

Post-QM credit and down payment requirements drag on minority borrowers
Trey Garrison
Black and Hispanic Americans are less likely to apply for a mortgage than any other ethnic group, and it looks like QM and ability-to-repay rules are exacerbating the problem.
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Monday Morning Cup of Coffee: Housing data storm ahead

Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It’s a week of key housing data and metrics releases, and the industry will get to see if housing shakes off the winter, spring and now summer doldrums, or if everyone admits that 2014 has been suboptimal. Either way, HousingWire will be there first with the most.
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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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How hard is it to get a mortgage?

Income, credit and – yes – character all count
Trey Garrison
Is it really that hard? Yes. And no. And mostly yes again. And maybe it should be. And since January 10 when the CFPB’s Qualified Mortgage rule took effect, it is definitely harder. So yes.
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Non-QM lending: The new normal for mortgages?

RPM latest to introduce non-QM lending solutions
Brena Swanson
Non-QM products are becoming more normal for lenders as more and more step into the new lending territory. As the new entrants show, there is a definite demand.
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Fed: CFPB rules are driving down mortgage lending

Report says QM, ATR are hurting loan volume
Trey Garrison
Mortgage rules imposed by the Consumer Financial Protection Bureau are driving down the number of loans banks are making, the Federal Reserve says.
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DBRS: CFPB rules, tighter credit driving down mortgage originations

Until uncertainty with QM, ATR settled, many buyers will be shut out
Trey Garrison
Federal regulations coupled with a general shift from refinance to purchase activities have resulted in historically low volumes of mortgage loan originations, even though home prices have continued to rebound and delinquency and foreclosure rates are at their lowest levels in years.
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CHLA challenges FHFA IG report on risk from smaller nonbank lenders

Report lacks evidence to support claims, ignores other key factors
Trey Garrison
The Community Home Lenders Association is challenging the Federal Housing Finance Agency IG report issued last week which had raised concerns about risks to the GSEs from increased loan purchases from smaller nonbank mortgage lenders.
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W.J. Bradley next to step into non-agency market

Introduces first program in new portfolio
Brena Swanson
W.J. Bradley Mortgage Capital is the latest lender to introduce non-agency products to the market with its new WJB | ONE portfolio.
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CFPB targets mini-correspondent divisions

Bureau reacts to growth of these mortgage bankers
Brena Swanson
Mini-correspondent lending divisions started to take off after the Consumer Financial Protection Bureau’s qualified mortgage rules went into effect on Jan. 10, creating a possible loophole for lenders and catching the CFPB’s regulatory eye.
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