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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.

  • A new study finds "sizeable asset misrepresentations even among the most reputable underwriters" of private-label subprime mortgages during the housing boom.

  • As of right now, the market is improving on its own. Now we just have to see if there will be any shocks in the days and months ahead.

  • REALTOR® Magazine's look at Tuesday's election results from the presidential campaign to the successes of NAR-backed candidates.

  • 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.

  • 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.

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