Mortgage Financing Archive

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

Phipps: Political Survival Is the Job at Hand

By Robert Freedman, Senior Editor, REALTOR® Magazine It’s difficult to know where to turn your attention when there are so many areas in which REALTORS®’ livelihoods are challenged. Financially strapped governments are proposing transfer fees and other taxes on real...

Exotic Loans Behind Taxpayer ‘Payment Shock’

By Robert Freedman, senior editor, REALTOR® Magazine Cato Institute analyst Mark Calabria in his piece, Housing Market Will Be Fine Without 30-Year Fixed Loans (Investor’s Business Daily, March 17),  argues that the stability provided to households from the 30-year, fixed-rate...
March 17, 2011

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. The country’s six banking regulators have been hammering out rules for what’s known...
March 3, 2011

Stevens: Banks Hurting Creditworthy Buyers

By Robert Freedman, Senior Editor, REALTOR® Magazine When you look at the success of FHA over the last few years since the downturn you have to wonder what’s up with the banks. Although the agency has had its credit...
November 5, 2010

Help For Understanding Wall Street Reform

By Robert Freedman, senior editor, REALTOR® Magazine The Wall Street reform law that President Obama signed several weeks ago is huge but only a portion of it directly impacts your business as real estate brokers and sales associates. Right...

Pregnant Women Denied Loans?

By Melissa Dittmann Tracey, Contributing Editor, REALTOR® Magazine Expectant parents eager to buy a home for their growing family may be surprised to find that they’re a credit risk when it comes to obtaining a mortgage to purchase their...