What Exactly Is a ‘Safe’ Residential Mortgage?
By Robert Freedman, Senior Editor, REALTOR® Magazine Some federal banking regulators think a conventional residential mortgage loan isn’t safe unless it comes with a minimum 20 percent down payment....
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QRM: How to Shrink Home Sales By a Third
By Robert Freedman, senior editor, REALTOR® Magazine A banking reform rule proposed by the FDIC and Federal Reserve earlier this month to require 20 percent minimum down payments on residential...
View ArticleWhy QRM Is Such a Worrisome Proposal
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
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
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 QRM...
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Will Regulators Make the QRM Mistake All Over Again?
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 federal...
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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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