Search Results for: qrm

Latest proposal effectively ditches QRM requirements for loans

The six federal agencies tasked with coming up with a definition of a Qualified Residential Mortgage (QRM) have floated another proposal — one that would essentially do away with the QRM definition altogether. To understand what that means, we need … Continue reading

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QM and QRM loans explained

One of the provisions of the Dodd-Frank Act creates two categories of mortgage loans that you have heard — and will hear — a lot about: QM and QRM. As a Realtor, you’ll need to know about them because your … Continue reading

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No QRM rules in 2012

Housing Wire is reporting that Federal officials have confirmed that qualified residential mortgage standards and rules won’t be released/in place in 2012. Reminder: QM = qualified mortgages; all mortgages must meet these broad standards. QRM = qualified residential mortgages; a … Continue reading

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QRM definition still up in the air

What will the standards be for a qualified residential mortgage — a QRM? Those are the loans that Fannie and Freddie will be willing to back, so they’ll essentially be the best (aka least expensive) around. The original suggestion required … Continue reading

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QM vs. QRM — crucial differences

There are two types of mortgages covered in the Dodd-Frank Act, and both are going to impact Realtors in a big way. They meet very different requirements, and the American Securitization Forum wants to make sure that Federal regulators enforce … Continue reading

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More lawmakers (including VA congressmen) join the QRM-reduction fray

More lawmakers have signed a letter to Federal regulators requesting them to lower the 20% down payment on the qualified residential mortgage. This puts the number of lawmakers opposing the 20% rate at more than 320, according to NAR. Virginia … Continue reading

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Anti-QRM forces gathering steam

More media coverage on the QRm issue. Continue reading

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Why we fight: 39% of 2010’s home buyers didn’t meet QRM standards

Can you imagine if 2010’s sales were 39% lower than they were? Continue reading

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30 seconds on QRM: What you need to know

If you don’t know about QRMs — or don’t know enough — you need to. They’re going to be a central part of the mortgage market. QRM: Qualifying residential mortgage. In other words, a mortgage that meets certain requirements. If … Continue reading

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Corelogic misleads a bit on QM loans

A slightly misleading CoreLogic report leads to some incorrect conclusions about QM loans Continue reading

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