QM Archive

Lenders Note Impact of Higher FHA Fees

The mortgage market was buffeted by a number of changes in 2013 and 2014 among them higher fees at the FHA. NAR Research’ s second Survey of Mortgage Originators includes questions about the impact of changes to the FHA...

Sunny Today, but Storms Tomorrow?

In January of 2014, the CFPB instituted the ability to repay and qualified mortgage (ATR/QM) rule. This rule incorporates changes intended to protect consumers and to maintain stability in mortgage lending. This portion of the Dodd-Frank act requires that...

New Rule Protects Consumers, but Instills Caution

New lending rules (ATR/QM rule) that went into effect on Friday, January 10th, 2014 requires that originators make a good faith effort to verify a borrower’s ability to repay their mortgage and imposes stiff penalties if they do not....

NAR’s 2nd Survey of Mortgage Originators

The mortgage market was buffeted by a number of changes in 2013 and 2014, among them higher fees at the FHA and changes to underwriting as required by the Ability- to-Repay and Qualified Mortgage Rules. In April of this...

2nd Survey of Mortgage Originators: QM and FHA Trends

Executive Summary The mortgage market was buffeted by a number of changes in 2013 and 2014 among them higher fees at the FHA and changes to underwriting as required by the Ability- to-Repay and Qualified Mortgage Rules. This survey...