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Qualified Residential Mortgage and Risk Retention

Qualified Residential Mortgage and Risk Retention

After nearly three years of deliberations, regulators finalized the Qualified Residential Mortgage (QRM) rule in October, 2014. The final rule includes a broad definition of QRM and aligns it with the Qualified Mortgage standard implemented earlier in 2014. Previously proposed QRM rules imposed high down payment requirements.

  • April 8 is the deadline to nominate an AE for outstanding service within your profession. Download the nomination form here.

  • Applications are being accepted for 2016 AEC Key Liaison appointments to serve on key NAR committees and to fill two of four AE spots on the 2016 NAR Board of Directors.

  • Congratulations to Mike Theo, CAE, the newly appointed Association Executives Committee 2016 vice chair-elect.

  • Keep your options fresh this spring when you conduct your business online with REALTOR Benefits® Partner, DocuSign. New sign-ups save 20% (offer ends April 20).

  • On Thursday, March 26, 2015 The House Financial Services Committee passed H.R. 685, “The Mortgage Choice Act” with bipartisan support after an intense effort by NAR and coalition partners.

  • On Wednesday, March 25, 2015, the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet held a hearing entitled “Protecting American Innovators and Job Creators from Abusive Patent Litigation.”

  • On Wednesday, March 25, 2015, the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade approved a discussion draft bill entitled “The Data Security and Breach Notification Act of 2015.”

  • On March 26, 2015, the Federal Housing Administration (FHA) published Mortgagee Letter 2015-08, Electronic Appraisal Delivery (EAD) Portal for FHA-Insured Single Family Mortgages.

  • At an open meeting on March 25, 2015, the Securities and Exchange Commission (SEC) approved a proposal that will finalize the bulk of the rulemaking left to the agency to create the Jumpstart Our Business Startups (JOBS) Act of 2012.

  • Learn about How New Technology is Guiding Valuations on May 12 in Washington, DC at the Real Property Valuation Forum.

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