Tag Archive: down payment

QRM Rules Could Keep 25 Million Homeowners From Refinancing, Cause More Declines in Home Values

April 14, 2011 by Leave a comment

This morning a white paper on the proposed risk retention (QRM) guidelines for mortgage lending was published by a variety of housing industry groups including the National Association of Realtors, the Mortgage Bankers Association, The National Association of Home Builders, the Mortgage Insurance Companies of America, the Center for Responsible Lending, and the Community Mortgage... View Article

Filed under:
Read More

Proposed QRM Rule Released, 20% Down Payment Required

March 29, 2011 by 7 Comments

New proposed risk-retention rules, required as part of the Dodd-Frank financial reform were released today by the FDIC, according to a report from Fox News. The new regulations would require mortgage originators to retain capital reserves equal to 5% of all but the safest mortgages.  The mortgages that are exempt from the risk retention guidelines are... View Article

Filed under:
Read More