QM Archive

Reach of New Risky Loans Still Modest

Despite reports of a rise in non-QM lending, participants in NAR’s 1st quarter Survey of Mortgage Originators indicated that the non-QM share of the market was anemic. While the non-QM market shrank the share of loans that fall under...

Survey of Mortgage Originators, Fourth Quarter 2016

This quarter marks the 13th Survey of Mortgage Originators in which lenders shared insights about current trends in lending. This survey covered lenders’ experiences in the 4th quarter of 2016 and included questions on shortages of appraisers and the...

Lesson Learned: Few Risky Mortgage Products in the Market

Three years after the ability to repay (ATR) rule was implemented, the risky mortgage products that became common during the last boom and helped fuel the unsustainable run-up in prices are rare. That is one of the key takeaways...

TRID Costs and Lender Optomism in the 2nd Quarter

Lenders continue to deal with the effects of TRID and wavering investor demand but are more optimistic about investor demand for mortgage in the second half of 2016.  Those are some of the sentiments expressed in the Survey of...

Survey Reveals Modest Credit Expansion

The share of non-QM and rebuttable presumption loans rose in the 4th quarter as reported by respondents to NAR’s 9th Survey of Mortgage Originators. While these loans are riskier than standard, prime loans, they are still at subdued levels,...