qualified residential mortgage (QRM)

Change the law: Phase in a Qualified Residential Mortgage requirement for a 20% down payment

by ft Editorial Staff | Oct 23, 2019 | Change The Law, Finance | 4

first tuesday proposes to phase in a graduated down payment requirement for the qualified residential mortgage (QRM).

Mortgage lenders call for big changes at the CFPB

by Carrie B. Reyes | Jun 10, 2019 | Finance | 0

The Mortgage Bankers Association wants to see changes at the Consumer Financial Protection Bureau.

QRM rules finalized — and little has changed

by Carrie B. Reyes | Oct 28, 2014 | Finance, Real Estate | 1

Not including a down payment requirement is a big miss for the QRM.

A glance back and a glimpse of the future: first tuesday’s 2013 year in review

by Jeffery Marino | Dec 29, 2013 | Feature Articles, Real Estate | 1

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.

Homeownership rate slips on low savings and weak sales volume, Weekly Statistical Update 11/18/2013

by ft Editorial Staff | Nov 18, 2013 | Monthly Statistical Update, Real Estate | 0

Homeownership rate slips on low savings and weak sales volume, Weekly Statistical Update 11/18/2013

Barney Frank says, “Hands off my baby!”

by Jeffery Marino | Nov 1, 2013 | Real Estate | 2

Former Rep. Barney Frank is calling foul on federal regulators for gutting new mortgage securities rules enshrined in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

Is California ready for 30% down payments?

by Carrie B. Reyes | Oct 29, 2013 | Loan Products, Real Estate | 11

first tuesday has long supported a 20% down payment requirement. But is the 30% down payment proposed by the QRM-Plus simply too much? Why not 50%?

Ability-to-repay, qualified mortgage and qualified residential mortgage — oh my!

by Giang Hoang-Burdette | Sep 9, 2013 | Feature Articles, Finance, Loan Products, Real Estate | 0

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.

CFPB issues mortgage underwriting standards: down payment requirement to come

by Carrie B. Reyes | Feb 12, 2013 | Change The Law, Finance, Interest Rates, Reader Polls, Real Estate | 11

The qualified mortgage was envisioned to protect the market from bubbling out of control again due to Wall Street financing. But it is the qualified residential mortgage (QRM) that will ultimately ensure consistent market stability for years to come, by determining the new down payment requirement.