Items Tagged with 'ATR'


  • Here's how the industry adapted to QM lending, heightened regulations

    8 charts break down the impact of regulations
    As the mortgage regulation alphabet continues, with lenders implementing HMDA, TRID, QM and more, it’s not going without notice in the industry. A new survey found that lenders believe regulation is having a negative impact on business production and consumer credit availability. These charts break down how that’s affecting the bottom line.
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  • NAR fights in support of mini-correspondent lenders

    Urges CFPB not to restrict access to credit
    The National Association of Realtors is urging the Consumer Financial Protection Bureau not to disrupt the imperative role mini correspondent lenders play in the home-buying process for Realtors. Too many rules can impede the process as much as too little, NAR warns.
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  • Monday Morning Cup of Coffee: Housing data storm ahead

    Can housing shake off the winter, spring and now summer doldrums?
    It’s a week of key housing data and metrics releases, and the industry will get to see if housing shakes off the winter, spring and now summer doldrums, or if everyone admits that 2014 has been suboptimal. Either way, HousingWire will be there first with the most.
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  • How hard is it to get a mortgage?

    Income, credit and – yes – character all count
    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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  • DBRS: CFPB rules, tighter credit driving down mortgage originations

    Until uncertainty with QM, ATR settled, many buyers will be shut out
    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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  • Fear and loathing of QM rule is not necessary

    CFPB director attempts to calm market fears
    Despite assurances from regulators not to fear the new Qualified Mortgage rule and even lend outside of it, servicers and lenders remain cautious about the Friday implementation of the guidelines. The one person asking them not to worry is, ironically enough, Richard Cordray, director of the Consumer Financial Protection Bureau.
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  • Lenders receive compliance guidance

    MBA Education releases ATR/QM resource guides
    The Mortgage Bankers Association Education released a compliance guide to help explain the Ability to Repay and Qualified Mortgage rule, which includes information for basic training for staff and operational rule requirements.
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