Why 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. The qualified residential mortgage (QRM) rule that...
November 3, 2014

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 they originate the loans based on “safe” guidelines, which are...
September 11, 2013

QM, QRM to Lock in Tight Loan Standards

Home mortgage originations will shrink by up to 20 percent and the economy as a whole clipped by 1.1 percent over the next three years if federal regulators proceed with their proposed qualified mortgage (QM) and qualified residential mortgage...

QM, QRM, Basel III: Mortgages for the Wealthy

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 affluent renters, because lenders will be constrained to stay within tight...

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 regulator is trying...

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 scenarios and they don’t look good. Let’s...
January 31, 2012

QM: QRM’s Quieter Cousin

By Robert Freedman, Senior Editor, REALTOR® Magazine For the past several months it’s been all QRM all the time, but now there’s QM. As many real estate professionals are familiar with by now, thanks in part to an NAR...
August 17, 2011

On 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 qualified residential mortgage (QRM) rule, but a...
June 24, 2011

Why 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 minimum down payment proposal. NAR has been talking a lot about...
June 7, 2011

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 mortgage loans is based on the idea that loans with...
April 18, 2011