The CFPB aims to "ensure a smooth and orderly transition away from the GSE Patch." Here's how long the Bureau is extending it to aid in this transition.
Read More »What to Do With the QM Patch?
A new American Enterprise Institute Center on Housing Markets piece weighs in on possible misconceptions and solutions to the upcoming expiration of the Qualified Mortgage Patch.
Read More »Examining the Qualified Mortgage Rule
The GSE Patch of the Qualified Mortgage Rule is set to expire on January 10, 2021. See what possible options experts have for addressing the soon-to-be expired Patch.
Read More »Do Lenders Favor Changes to the ATR/QM Rules?
Click through to learn about lenders’ sentiments on the loosening of most CFPB regulations, that also include rules on Ability to Pay and Qualified Mortgages.
Read More »How are Originators Handling the Qualified Mortgage Rule?
Several mortgage lenders and technology providers reveal to MReport just how they are faring with the QM rule and if it is affecting their business operations.
Read More »CFPB Proposes Rule Changes for Underserved, Rural Areas
In a release, the bureau detailed a number of proposed revisions it hopes will increase options for community banks and other smaller mortgage lenders who may have been adversely impacted by last year's newly implemented rules.
Read More »Report: Housing Recovery Favors High-Income Neighborhoods
While at a national level the housing market continues to recover, a look at local markets reveals a recovery that is most prominent in high-income areas, while lower-income neighborhoods continue to struggle. ProTeck Valuation Services delves into this phenomenon in its latest Home Value Forecast, with a spotlight on the Seattle metro area.
Read More »Nearly One-Third of Community Banks Cutting Mortgage Holdings
Out of 884 community bankers currently active in the mortgage space, 31 percent expect their institution's residential mortgage holdings at the end of the year will be less than their level last year, according to findings released by the Federal Reserve and the Conference of State Bank Supervisors. Of those who anticipate reductions in the dollar value of their mortgage holdings, most pointed to increased regulation and compliance costs at the reason.
Read More »Regulators Optimistic on Finalizing Risk Retention Rule
Financial regulators said Tuesday they hope to finish their work on a rule aimed at tightening mortgage standards and reducing risk by the end of this year. In a Senate Banking Committee hearing, FDIC chair Martin Gruenberg said his agency and others are "in the end game" of their work on a rule that would require mortgage-backed securities (MBS) issuers to hold a stake on packaged loans that don't meet certain exemption requirements.
Read More »More Evidence Suggests QM Rule Isn’t Having ‘Significant’ Impact on Lending Yet
Before implementation of the Consumer Financial Protection Bureau's qualified mortgage (QM) and ability-to-repay rules, many industry analysts expressed concerns over the ultimate impact of these rules on mortgage lending and access to credit. Now that the rules have been in effect several months, the debate over the impact of these rules has only intensified.
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