Altos: Critics wrong about housing, it’s going to soar

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

Items Tagged with 'QM'


DBRS: CFPB rules, tighter credit driving down mortgage originations

Until uncertainty with QM, ATR settled, many buyers will be shut out
July 28, 2014
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
July 23, 2014
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
July 15, 2014
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
July 11, 2014
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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4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
May 22, 2014
The House Financial Services Committee passed three bills Thursday as part of a continued markup from May 7, along with another bill passed on May 7 by voice vote that are being welcomed by the finance industry.
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NAFCU members see regulatory costs spiking

Half plan to cease non-QM loans, 38% trimming
May 14, 2014

A survey of members of the National Association of Federal Credit Unions finds that while most say credit union lending has improved, new regulations and proposals threaten to increase costs and stall the lending activity growth. 

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MBA offers Ability-to-Repay and QM rule web course

May 12, 2014
The Mortgage Bankers Association’s education department has launched a new course for housing professionals that focuses on the federal “Ability to Repay and Qualified Mortgage” rules.
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House Committee approves Mortgage Choice Act

Bill offers clarity in fees, more choices under QM rule
May 7, 2014
The House Financial Services Committee marked and favorably reported the H.R. 3211, the Mortgage Choice Act. It can now be referred to the House floor for consideration.
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Non-qualified mortgage bond ratings getting closer

Investors increasingly interested in the asset class
March 25, 2014
Investors are increasingly interested in non-QM loans, and Moody’s Investors Service is now also seeking commentary on its proposed approach to evaluating and rating QM and non-QM loans for securization as residential mortgage-backed securities.
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Sub-prise! Mortgages get looser despite tighter regulations

AEI: National Mortgage Risk Index continues to climb
February 24, 2014
Headlines were flooded recently with threats of tightening credit and the likelihood that many potential homeowners would be pushed out of the market. But the way the market is heading might toss this idea out with the trash.
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