Based on their view that the requirements of the ATR rule and ECOA are compatible, regulators said they do not anticipate that a creditors decision to offer only Qualified Mortgages would, absent other factors, elevate a supervised institutions fair lending risk.
Marc Savitt, president of National Association of Independent Housing Professionals, a broker/appraiser trade group, noted that the short-term outlook for the sector looks difficult.
The survey of almost 2,000 real estate agents found that lenders routinely extend their deadlines due to loan processing issues, causing problems for homebuyers
At least two young mortgage insurance firms hope to go public by yearend. But how might the market receive these deals with so much uncertainty surrounding the GSEs?