Items Tagged with 'QRM'


  • The New York Times rambles, and mangles mortgages along the way

    Mortgage finance and mortgage regulation aren’t the paper’s strong suits

    Reading the New York Times is a great intellectual exercise because you get to read news articles and say to yourself, “Hmm. That’s interesting. I wonder if it’s true?” Today in the financial section, though, was an opinion piece on mortgage financing that had me instead asking, “Do you even English, New York Times?”

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  • Is this what's holding back the RMBS market?

    Surprising view from analysts, advisors
    It's a long climb back from absolute lows to the pre-2008 heights for the RMBS market. Everything is on hold awaiting government action and new rules that won’t be coming anytime soon, and when they do come they may not be welcome. Can they even get started?
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  • What to watch out for in the 2014 MBS market

    Road ahead for investors remains uncertain amid QRM regulatory indecision
    Analysts and industry watchers say that the Dodd-Frank Wall Street Reform and Consumer Protection Act-mandated QM won’t have a major impact on the mortgage-backed securities market, though it may slightly slow lending activity on jumbo and interest-only loans.
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  • From HW Magazine

    Blurred vision: The Fed readies the beginning of the end

    With QE tapering off, what's next for mortgage markets?
    Well, the time finally arrived. Mortgage industry analysts and housing finance experts are now talking about withdrawal — especially the Federal Reserve’s December decision to begin a $10 billion monthly taper, and eventually, from all things government. It’s the beginning of the end. And the taper came just in time for 2014, too.
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  • From HW Magazine

    Don't call it a comeback -- because it's not

    A real restart for private-label RMBS issuance faces a daunting set of obstacles
    A financial industry publication recently reported, “Carrington Mortgage, Citadel Servicing and New Penn Financial are planning securitizations of newly originated subprime mortgages.” The publication went on to say in breathless tones that “[t]he offerings, on the slate for 2014, would confirm recent predictions that deals would soon start flowing in the asset class…”
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  • NAMB Issues Call to Action on QRM

    The National Association of Mortgage Professionals (NAMB) has issued a call to action to members regarding the Qualified Residential Mortgage (QRM) standard proposed rule currently in the public comment period.   In order to qualify as a QRM under the proposed rules, requirements include having a minimum of 20% down payment, cannot be 30 days late on any debt obligation, and have debt to income ratios below 28/36.  NAMB government affairs chairman Mike Anderson warns that if the rule proceeds as written, it could result in non-QRM mortgage interest rates increasing by at least 2%.  In the sample letter
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