Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
W S

Items Tagged with 'QM'

ARTICLES

Student debt costs housing $83B a year

Analysts: Skyrocketing higher ed costs create enormous drag
Trey Garrison
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.
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NAR fights in support of mini-correspondent lenders

Urges CFPB not to restrict access to credit
Brena Swanson
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.
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MountainView set to invest in “non-prime” mortgages

Seeks to capitalize on underserved market
Ben Lane
“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.
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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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