Links in “Ability to Repay (ATR)/Qualified Mortgage (QM)”
- Ability-to-Pay: Are Mortgages and Credit Cards Just the Beginning?
CFPB's Cordray indicates that the CFPB is assessing how the ability-to-pay model might be applied beyond mortgages and credit cards. [9/13]
- January Compliance: A Moving Target?
More ability-to-pay rule changes are forthcoming, and CFPB isn't interested in pushing the January 2014 deadline, although it is pledging to be "sensitive" to the good-faith efforts of lenders to be ready on time. [9/13]
- More Mortgage Rule Changes Coming “Any Day Now”
CFPB director says additional changes to servicing, ability to repay and loan originator compensation rules are coming "any day now," but shows no receptiveness to delaying the effective date. [9/12]
- Here’s What’s Happening to TILA’s Ability-to-Repay Provisions
AffirmX's Jane Pannier breaks down what's coming our way with the Reg. Z ability-to-repay provisions that go into effect in January 2014. [9/11]
- HUD Reverses on Reverse Mortgages
New guidelines follow Reverse Mortgage Stabilization Act of 2013's call for program enhancement, including Draw Limitations and Ability to Repay Analysis. [9/4]
- Proposed Revision to QRM Rule May Mean Ongoing Reliance on GSEs
Analyst notes that the proposed revisions to the Qualified Residential Mortgage rule will likely mean ongoing reliance on Fannie Mae and Freddie Mac as the paths of least resistance. [9/3]
- Federal Agencies Issue a Second Proposed Interagency Rule on QRMs
Although proposed rule issued by the FDIC, FHFA, FRB, Dept. of Housing and Development, SEC and the OCC does not directly affect credit unions, as participants in the mortgage market place they would likely feel the impact; proposed rule would make the definition of a âqualified residential mortgageâ consistent with the CFPBâs definition of a âqualified mortgage.â [8/29]
- Bankers’ Groups Applaud New QRM
ICBA commends the proposed changes to Qualified Residential Mortgage rules for minimizing "the negative impact of new regulations on our housing recovery." CBA calls it "a win for consumers and the still recovering housing industry." [8/29]
- Proposed Revisions to the QRM Rule: Too Far?
Some in the industry are applauding the increase in the income threshold and the elimination of the down-payment requirement; others are concerned the proposed changes to the Qualified Residential Mortgage rule could result in a repeat of the practices that lead to the crash. [8/29]
- Comptroller Curry Weighs In on QRM Risk Retention
The revised definitions of a Qualified Residential Mortgage and Qualified Mortgage Plus will undoubtedly provide for interesting commentary. Do you agree with the revisions? [8/29]
