Interthinx has announced the launch of “Direct from D.C.,” a new audio news service featuring Interthinx industry expert Ann Fulmer. In its first podcast, “Direct from D.C.” offers information and insights on pressing issues surrounding regulatory reform, the future of the GSEs (government-sponsored enterprises), QRMs (qualified residential mortgages), and the latest mortgage fraud trends.
With its direct impact on risk retention, Fulmer discusses the importance of defining a qualified residential mortgage. Because QRMs can be originated and sold immediately on the secondary market, meeting the criteria affects the amount of reserves that must be kept on hand by an originator. Recent discussions of resetting the downpayment requirement to 30 percent have sparked debate on both sides. The exchange is expected to continue until a final decision, due by April 17.
The podcast can be accessed through the “Events” page on the Interthinx website with a transcript available for download. Additional “Direct from D.C.” podcasts will be created regularly as mortgage industry issues develop.
“We hope members of the mortgage industry find this new Interthinx service informative and insightful,” said Mike Zwerner, senior vice president of Interthinx. “With so many new financial regulations discussed, it’s crucial for everyone to keep pace with reporting and disclosure changes as they are finalized. Having our own industry expert, Ann Fulmer, in D.C. to report on issues is another way to provide value for our customers and the industry.”
For more information, visit www.interthinx.com.