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Home » Topics » Inside Mortgage Finance » Originations

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Qualified Mortgage Rule Still a Top Compliance Concern

June 12, 2014
Thomas Ressler
It’s far too early to draw definitive conclusions about the success of the QM rule and its overall effect upon the market.
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FHA HAWK Funding Won’t Happen in the House, But in the Senate…

June 11, 2014
George Brooks
The mortgage industry has raised concerns about the HAWK initiative because it carries the specter of new fees.
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Short Takes: Is the CFPB Overstaffed? / Dealing with Examiners: Put Them in the Basement and Turn Off the AC / Are AMCs Mortgage ‘Pimps’? / Applications Spike / Speaker of the House Jeb Hensarling?

June 11, 2014
Paul Muolo and Brandon Ivey
“I’m tired of having the AMC acting as my pimp," said one appraiser. "The current situation is ruining the appraisal profession and turning appraisers into whores for the AMCs."
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House Bill Amendment Would Block GSE Payments to National Housing Trust Fund

June 11, 2014
Charles Wisniowski
The amendment would prohibit the GSEs from channeling cash to the NHTF, which was established under the Housing and Economic Recovery Act of 2008.
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Seven More Years of Mortgage Regulatory Hell

June 11, 2014
Thomas Ressler
But why so long? ABA's Rod Alba continued: “Well, not all the rules are done yet."
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QRM Likely to Equal QM After SEC Weighs In on Downpayments

June 11, 2014
Brandon Ivey
“This appears to be very good news and is a credit to our collective work with the Coalition for Sensible Housing Policy,” the National Association of Realtors told its members.
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$6 Billion Originator Ready to Buy New England Nonbank

June 11, 2014
Paul Muolo
The buyer originates mortgages in roughly six western states and is looking to expand into the East Coast to help fill its pipeline.
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Short Takes: Suddenly, Everyone is Going Non-QM / Is FHFA Punting on a CEO for the Common Securitization Platform? / Consumers Continue to Complain to the CFPB About Mortgage Lenders / Bill Could Bring Certain QM Relief

June 10, 2014
Paul Muolo and Brandon Ivey
We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…
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CFPB Honcho Cracks Jokes at Compliance Show, Takes Credit for Employment in the Sector

June 10, 2014
Thomas Ressler
“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”
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More Calls to Preserve Fannie and Freddie Instead of Killing Them

June 10, 2014
Charles Wisniowski
Rosner of Graham Fisher & Co. also wants to see the use “stringent methods” to price guarantees separate from the GSE's.
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