CFPB sets crosshairs on DTI requirements for new QM criteria
The Consumer Financial Protection Bureau (CFPB) is shaking up the mortgage market with its new proposal for qualified mortgage (QM) criteria.
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Tag: ability-to-repay
The Borrower’s Debt-to-Income Ratio and Ability to Repay
Analyzing a borrower’s ability to pay by considering their willingness and capacity
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With the GSE Patch expiring in 2021, what will happen to the qualified mortgage rule?
The CFPB’s plans to let the GSE Patch expire, though they are considering a temporary extension.
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New laws to protect California home energy program users
Changes are ahead for California’s Property Assessed Clean Energy (PACE) program.
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Special provisions in a note
This article discusses the use of special note provisions to protect the mortgage holder while providing flexible repayment options to the borrower.
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5 mortgage market insights
We serve up 5 mortgage market must-knows.
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A progressive minimum wage for a progressive housing market
Are minimum wage workers destined to be renters? Will raising the minimum wage and tying it to inflation have any effect on the California real estate market?
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Financial literacy counts
Will widespread ignorance of personal finance mean the end of our real estate markets as we know them?
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Breaking news: Fannie Mae and Freddie Mac still not reformed
The Johnson-Crapo bill to wind down Fannie Mae and Freddie Mac is big news. But it may be much ado about nothing.
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Subprime mortgages making a come back
Just because subprime mortgages are back doesn’t make them a good idea.
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QM presents new challenges for the self-employed
Real estate agents are one of the biggest groups comprising the self-employed. How will they fare under the new ability-to-repay and qualified mortgage rules?
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A glance back and a glimpse of the future: first tuesday’s 2013 year in review
For our 2013 year in review, we look back over a year rife with risky speculation, serious price inflation, discontent with the trade unions and some robust of regulation.
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Ability-to-repay, qualified mortgage and qualified residential mortgage — oh my!
Ability-to-repay, qualified mortgage, qualified residential mortgage: are you lost yet? Read this article to get through the maze of new and proposed rules affecting residential mortgage lending.
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