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Qualified Residential Mortgage and Risk Retention

Qualified Residential Mortgage and Risk Retention

Proposed QRM rules may lead to high down payment requirements.

  • Home mortgage originations will shrink by up to 20 percent over the next three years if federal regulators proceed with proposed rules, according to a new analysis.

  • Mortgage rules being drafted by federal banking regulators came under the spotlight last night in the first election debate between President Barack Obama and his Republican challenger, former Massachusetts Gov. Mitt Romney.

  • While additional regulation to address well-known abuses is needed, NAR is urging regulators to avoid adopting burdensome and unrealistic requirements that will raise costs on both the industry and consumer.

  • Republican presidential contender Mitt Romney released a 6-page white paper on housing policy, but he did not include specifics on how his administration would tackle the five areas he's targeted for action.

  • NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit, urging Bernanke to weigh in on three key rule proposals.

  • The Consumer Financial Protection Bureau (CFPB) is writing rules that can have an enormous impact on real estate.  

  • NAR hosted dozens of organizations in the Coalition for Sensible Housing Policy this week to discuss three proposed rules that could dramatically alter the Home Mortgage Financing Market. REALTOR® magazine explains the regulations and how they could increase the disparity between wealthy and less-affluent home owners.

  • On June 19, 2012, twelve members of Congress, led by Sens. Hagan (D-NC) and Crapo (R-ID), issued a letter expressing concern to six banking agencies regarding their proposed risk retention regulations.

  • A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market, Federal Reserve Board Governor Elizabeth Duke told Realtors® at a joint Real Estate Services and Regulatory Issues Forum May 15.

  • NAR spearheaded a 33 member coalition in sending a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray calling for a broadly defined Qualified Mortgage (QM) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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