Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
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Items Tagged with 'QM'

ARTICLES

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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4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
Trey Garrison
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
Trey Garrison

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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