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Volume 25 - Number 3

February 3, 2014

Will QM Provide Less Transparency To the Mortgage Consumer?

The qualified mortgage is here, and while the rotation of the earth has yet to slow, there are still several areas of the regulation that are not crystal clear to much of the industry, including some questions having to do with Fannie Mae and Freddie Mac purchases of mortgages being originated under the new regime. For instance, “If lenders bake the loan-level price adjustments into the interest rate, are they allowed to show those adjustments to the originator? If they show them, will the CFPB count them into the points and fees?” asked Tammy...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

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