QM Archive

4th Quarter Mortgage Originators Survey

The Survey of Mortgage Originators for the 4th quarter of 2014, takes stock of the QM rule, a year after its introduction, as well as a number of policy issues and changes.  Respondents were asked their view of new...

QM Still a Concern

Some aspects of the qualified mortgage rule continue to weigh on the mortgage market.  According to NAR’s Survey of Mortgage Originators, despite overtures from the CFPB and modestly fewer issues, lenders tightened some restrictions in the 3rd quarter. The...

Final QRM: Good for Consumers and Private Capital

After nearly three years of deliberation, regulators have finalized an important rule that impacts housing.  The Qualified Residential Mortgage (QRM) rule avoids an onerous and costly down payment requirement for consumers and gives creators of mortgage backed securities one...

FHFA Director Mulls New Mortgage Costs

Mortgages rates on conventional loans could change in the coming months. The Federal agency that regulates the GSEs, the FHFA, is re-evaluating the fees that it allows Fannie Mae and Freddie Mac to charge consumers. With mortgage rates expected...

FHA Reforms Only Modest Boost to Credit Access

In response to tight mortgage credit, the FHA has announced three changes that it hopes will help to ameliorate lender overlays and broaden access to credit. Specifically, the FHA will consolidate all of its current lending rules into one...