QRM Archive

Mixed Signals as the Market Wades into Non-QM

Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly.  In the 3rd Survey of Mortgage Originators, which covers lending in the 2nd quarter of 2014, participants were asked about their willingness to...

3rd Survey of Mortgage Originators: QM, FHA, FHFA and FICO [September 2014]

Executive Summary Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly.  This survey serves as both a measure of change in the 2nd quarter and a bellwether for originators’ impressions of market...

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....