Why QRM Is Such a Worrisome Proposal
Share|By Robert Freedman, Senior Editor, REALTOR® Magazine In a small but important development, banking regulators agree to push back the deadline for public comment on their controversial 20-percent...
View ArticleOn QRM, No Partisan Divide
Share|By Robert Freedman, Senior Editor, REALTOR® Magazine There’s still a long way to go for NAR and the 44 other organizations in a coalition to get banking regulators to rethink their controversial...
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Independent Analysis: 60% of ‘Good’ Loans Wouldn’t Qualify Under QRM
Share|The Center for Responsible Lending (CRL) and a research institute of the University of North Carolina just released the results of an exacting study on how borrowers would fare under different...
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Will Regulators Make the QRM Mistake All Over Again?
Share|It’s the QM rule’s turn in the spotlight, and so far a federal proposal raises concerns If you’re applying for a loan, what determines whether or not you can repay that loan? That’s what a...
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QM, QRM, Basel III: Mortgages for the Wealthy
Share|Capital and mortgage financing rules being drafted in Washington and elsewhere raise the possibility that the United States will become increasingly split between affluent home owners and less...
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Refis Good, But Purchases Are Key to Growth
Share|Thanks to low interest rates, home owners are refinancing their home mortgages in sizable numbers, and that’s great for them and for the economy, because it helps free up money that can be put to...
View ArticleTax Reform, Fixing Mortgage Rules High on 2013 Obama Agenda
Share|Coverage of the 2013 State of the Union speech: President Barack Obama in his first State of the Union speech since winning election to a second term said the federal government needs to...
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With BASEL III Out, a Big Win for Real Estate
When you’re busy selling real estate or running a brokerage, you can’t be expected to follow every twist and turn in Washington over this rule or that rule. But there was one important twist just a few...
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QRM: Regulators Agree with NAR But Deal Not Done
Federal banking regulators have re-proposed the qualified residential mortgage (QRM) rule, which requires lenders to hold back 5 percent of the loan amount on securitized home mortgage loans unless...
View ArticleWhy QRM is Such a Big Win for Real Estate
Much of what NAR does in Washington is defensive: it works with Congress to prevent curbs to the mortgage interest deduction or to prevent elimination of federal backing of conforming mortgage loans....
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