Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Politics & MoneyMortgage

How eliminating the QM rule’s DTI requirement and supporting minority homeownership go together

Here’s the impact of a DTI requirement

A decade ago, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, ushering in the Ability-to-Repay/Qualified Mortgage era of mortgage lending. The ATR rule, as defined by the Consumer Financial Protection Bureau, requires a reasonable and good faith determination by mortgage lenders that a borrower is able to pay back the loan.

But what began as a way to ensure the financial crisis never happens again has instead created a new set of challenges for would-be homebuyers, especially when it comes to homeownership opportunities for minorities. 

Dodd-Frank was born out of the 2008 financial crisis and was a landmark piece of legislation to try and prevent the kind of anything-goes lending that characterized that time period. Dodd-Frank also created the CFPB, which is charged with protecting borrowers from financial institutions. 

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3d rendering of a row of luxury townhouses along a street

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