The Consumer Financial Protection Bureau’s authority to finalize an “ability to repay” standard for lenders is being questioned, a situation that likely will slow efforts by other regulators working on a rule that exempts certain high qualify mortgages from risk retention. View full post on National Mortgage News Share and Enjoy:
Posts Tagged ‘Ability’
Litigation gauges banks’ ability to cut home-equity credit lines – Los Angeles Times
July 17th, 2011 
admin Litigation gauges banks' ability to cut home-equity credit linesLos Angeles TimesHow could a bank effectively devalue your real estate using nothing more than a computer program? Welcome to the world of what class-action attorneys estimate to be massive numbers of homeowners — 1 million customers at one national bank alone — who … View full [...]
Posted in Uncategorized 
Tags: Ability, Angeles, Banks, credit, gauges, HomeEquity, Lines, Litigation, Times 
No Comments »Buying a Condo vs. Buying a Single-Family Home; Feedback: Risk Retention & Ability to Repay
April 26th, 2011 admin Posted To: Pipeline Press The trivia for the day is, “Your tongue is the only muscle in your body that is attached at only one end.” I bring this up because there will be plenty of them wagging at the MBA’s Secondary Marketing conference next week about Qualified Residential Mortgages . The proposals are being [...]
Posted in Uncategorized Tags: Ability, Buying, Condo, Feedback, Home, Repay, Retention, Risk, SingleFamily No Comments »NAHREP: Proposed QRM Regulation Will Impact Minority Homebuyers’ Ability to Get Affordable Mortgages
April 6th, 2011 admin RISMEDIA, April 7, 2011—The National Association of Hispanic Real Estate Professionals (NAHREP) has recently raised concerns about the proposed regulation by Federal financial regulators that would require a minimum 20 percent down payment for “qualified residential mortgages” (QRMs) that… View full post on real estate – Yahoo! News Search Results Share and Enjoy:
Posted in Uncategorized Tags: Ability, Affordable, Homebuyers’, Impact, Minority, Mortgages, NAHREP, proposed, regulation No Comments »
FRB Unveils ‘Ability To Pay’ Proposal and Seeks Comments
The Federal Reserve Board this week began soliciting public comments on a proposed rule that would give mortgage lenders two ways to show they have sufficiently vetted a consumer’s “ability to repay” a mortgage. View full post on National Mortgage News Share and Enjoy: