Mortgage Financing Archive

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...

Key Issue to Watch: Debt Cancellation Relief

One of the most helpful laws on the books for underwater home owners is set to expire at the end of this year. At this point, NAR expects to make a strong push to get it extended because the...
February 16, 2012

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

Buy a House or Bury Your Money?

If you’re given a choice to either invest $1,000 in a two-year bank certificate of deposit or bury that money in your backyard, don’t spend too much time thinking about it, because for all practical purposes you’ll come out...
January 30, 2012

Obama: Speed Underwater Mortgage Refis

President Obama in his third State of the Union speech last night called on Congress to pass a plan to help millions of underwater home owners refinance into loans with historically low interest rates by charging banks a fee...
January 25, 2012

Sec. 504 Refi Program Could Be Lifeline

By Robert Freedman, Senior Editor, REALTOR® Magazine In the flood of information we try to process on a daily basis, it’s easy to miss something that can be genuinely useful. If you work with commercial property owners, you might...

Fed Says Tight Bank Policies Hurting Recovery

The Federal Reserve urged lawmakers and the administration this week to take a more hands-on approach to the housing market because the market’s continued struggles is holding back strong economic recovery. In a report it just sent to legislative...
January 5, 2012

Are We Getting the Full Picture in WSJ Op-Ed?

By Robert Freedman, senior editor, REALTOR® Magazine An op-ed that the Wall Street Journal ran earlier this week (on the eve of the REALTORS® 2011 Conference & Expo in Anaheim) dismisses concerns of NAR and other organizations as well...
November 10, 2011

Will Lenders Just Keep Their Cars Parked?

By Robert Freedman, Senior Editor, REALTOR® Magazine Federal banking regulators’ proposed qualified mortgage rule, which comes out of the big Wall Street reform act last year, is all about ensuring lenders only write loans that borrowers can reasonably be...
October 4, 2011

On Loan Limit Drop, Middle Faces Hard Hit

Time is running short for Congress to prevent FHA and conforming loan limits from reverting back to 2008 levels. The current limits expire Sept. 30 and will drop from 125 percent of the area media home price (and a...
September 23, 2011