TITLE

Latest QRM Uproar Keeps QM in the Shadows

AUTHOR(S)
Collins, Brad
PUB. DATE
August 2011
SOURCE
National Mortgage News;8/1/2011, Vol. 35 Issue 43, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the proposed qualified residential mortgage which has overwritten the importance of underwriting standard in the Dodd-Frank Act in the U.S.
ACCESSION #
64303889

 

Related Articles

  • Prepare for more government control over home mortgages. Hotchkiss, Randy // Inside Tucson Business;8/17/2012, Vol. 21 Issue 64, p22 

    The author discusses aspects of changes in U.S. residential mortgages along with the Dodd Frank Act and consumer protection.

  • Mortgage rule too restrictive, lawmakers say. Peter Schroeder // Hill;6/23/2011, Vol. 18 Issue 91, p16 

    The article reports on the move of a bipartisan group of lawmakers in the U.S. which include Senators Johnny Isakson from Georgia, Kay Hagan from North Carolina and Mary Landrieu from Louisiana, of pressuring financial regulators to provide a less strict proposal regarding the mortgage rule...

  • QRM Blind to Life's Trade-Offs. Rossi, Clifford // American Banker;8/3/2011, Vol. 176 Issue 119, p1 

    The article presents the author's views on proposed rules in the U.S. concerning eligibility for qualified residential mortgages and Section 941 of the Dodd-Frank Act.

  • Posters Debate Whether It's Still Worthwhile to Be an Originator.  // National Mortgage News;4/18/2011, Vol. 35 Issue 29, p8 

    The article presents the views of readers on the worthiness of a loan originator in the U.S. A reader mentions the Dodd-Frank Act of 2010 which evaluates the profession of loan origination. Another reader states her conversation with brokers, net branch companies and small broker shops while the...

  • Regulators hit with barrage of concerns over QRM proposal.  // Mortgage Banking;May2011, Vol. 71 Issue 8, p9 

    The article reports on the definition of the proposed rule Qualified Residential Mortgage (QRM) in the U.S. It mentions that QRM is proposed for the purposes of enforcing the risk-retention rules in the Dodd-Frank Wall Street Reform and Consumer Protection Act. It notes that QRM has met by...

  • 'Qualifying' Loan Definition May Disqualify Many Clients. Berry, Kate // American Banker;3/22/2011, Vol. 176 Issue 44, p7 

    The article focuses on qualifying residential mortgages (QRM) in light of the U.S. Dodd-Frank Act. The issue of lenders' being required to retain five percent of the credit risk on the non-QRM home loans they securitize is discussed. The effect of low-down-payment loans on the housing market is...

  • Negative Equity 'Vulnerable' To Downpayment Proposal. Dymi, Amilda // National Mortgage News;3/21/2011, Vol. 35 Issue 25, p6 

    The article focuses on the report from CoreLogic on the challenges created by the qualified residential mortgage's (QRM) 20% downpayment feature under the Dodd-Frank Act. The report showed that 27.9 percent of U.S. homeowners with negative equity mortgages are susceptible to the 20 percent...

  • DIALING UP AN EXTENSION.  // Valuation;2013 1st Quarter, Vol. 18 Issue 1, p06 

    The article focuses on the changes in the Dodd-Frank Act by regulators that allows, mortgage lenders additional time to institute real estate appraisal standards for higher-risk loans.

  • Proposal Would Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements.  // Pratt's Mortgage Compliance Letter;Aug2013, Vol. 13 Issue 8, p7 

    The article reports that six federal financial regulatory agencies on July 10, 2013 proposed exemptions for three higher-priced mortgages from the Dodd-Frank Act appraisal requirements including loans of up to 25,000 dollars, streamlined refinancings, and loans secured by manufactured housing.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics