QM Archive

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

With BASEL III Out, a Big Win for Real Estate

When you’re busy selling real estate or running a brokerage, you can’t be expected to follow every twist and turn in Washington over this rule or that rule. But there was one important twist just a few weeks ago...
July 15, 2013

Tax Reform, Fixing Mortgage Rules High on 2013 Obama Agenda

Coverage of the 2013 State of the Union speech: President Barack Obama in his first State of the Union speech since winning election to a second term said the federal government needs to streamline rules that are making home...
February 13, 2013

Refis Good, But Purchases Are Key to Growth

Thanks to low interest rates, home owners are refinancing their home mortgages in sizable numbers, and that’s great for them and for the economy, because it helps free up money that can be put to other uses. A Bloomberg...
August 15, 2012

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...
July 30, 2012

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

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

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