One trade group official told Inside Mortgage Finance that despite efforts by the Federal Housing Finance Agency to create g-fee parity for lenders of different sizes, there has been little in the way of progress.
Are mortgage bankers so diabolical that they attempt to find a way around new regulations? Industry consultant Joe Garrett of Garrett, McAuley & Co. thinks so.
Consumer advocate Mike Calhoun questioned if lenders will offer non-QMs at all, due to the liability posed by such originations and their designation as less safe mortgages.