Qualified Mortgages

Calabria’s ambitious FHFA agenda (it’s not just housing finance reform)

04/25/19

New FHFA Director Mark Calabria isn't just charting a future for Fannie Mae and Freddie Mac, but also fixing problems resulting from the "Qualified Mortgage" exemption for the GSEs and taking a "deep dive" into problems in the mortgage servicing market.

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GSE reform, CFPB underwriting rule are on collision course

02/04/19

Absent some policy change, nearly a third of the loans backed by Fannie Mae and Freddie Mac could be in violation of the Consumer Financial Protection Bureau's Qualified Mortgage rule in two years.

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CFPB mortgage rule didn’t cost industry much, agency says

01/10/19

As required by the Dodd-Frank Act, the bureau released long-awaited "look-back" reviews to assess the impact of mortgage underwriting and servicing rules on the industry and the credit markets.

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Mortgage credit still in a post-crisis funk? The data begs to differ

10/24/18

Despite recriminations about how the crisis and ensuing regulations have tightened loan access, an actual assessment of mortgage credit availability is more complicated.

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Race to the bottom? Nonbanks ease standards to compete for 'super' jumbos

08/21/18

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

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It's the law: Trump signs off on reg relief bill

05/24/18

The industry’s biggest legislative victory in a decade made it to the finish line Thursday.

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9 provisions of reg relief law important to small banks

05/24/18

As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 billion. Here's how.

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BofA’s AI play, Zelle departure, more guidance (please): Top stories of the week

05/18/18

Bank of America on where its AI hopes (and worries) lay; Zelle founder Paul Finch announces his leave from the payments network; the one area where banks and fintechs want more regulation; and more from this week's most-read stories.

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QM revamp could mean separate rule books for banks, internet lenders

05/17/18

Mick Mulvaney’s recent comments about the CFPB Qualified Mortgage rule have triggered a debate over whether regulators should take into account more than one underwriting model.

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Mulvaney vows to 'bring sanity' to Qualified Mortgage rule

05/15/18

Acting CFPB Director Mick Mulvaney suggested that digital mortgages should be held to different standards than ones originated by credit unions and banks.

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