Best automation opportunities for loan processing

Join our expert panelists to learn how lenders can achieve their goals using the integration of intelligent document automation and RPA technology.

4 Strategies to Strengthen Customer Relationships

Discover the right strategies to execute fast-acting campaigns, track results and improve your bottom line – all while strengthening customer relationships.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

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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