Qualified Residential Mortgage (QRM) Archive

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...

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