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CoreLogic Tackles QM and Ability-to-Repay in New White Paper Series
Oct 26, 2013

CoreLogic released ATR/QM Standards: Foundation for a Sound Housing Market, the first white paper in a series. In this edition, the Ability-to-Repay (ATR) and Qualified Mortgage (QM) rules are outlined and analyzed, helping to bring greater clarity to the requirements. The paper also features an explanation of why the rules were created and how lenders and servicers can benefit from the transparency provided to build investor trust over time and increase the flow of private capital into the market. Key insights provided in ATR/QM Standards: Foundation for a Sound Housing Market include: ►Understanding the impacts of making a QM loan versus a non-QM loan and when a “safe harbor” kicks-in.  ►An overview of how and why the ATR and QM rules were designed to put safeguards in place to protect borrowers who may not fully understand the terms of their obligations. ►Analysis of the government’s intention to encourage private capital flow into the housing finance system and how the QM and ATR rules create opportunities for this to occur. ►Consideration of how the Consumer Financial Protection Bureau will conduct reviews and examinations to verify compliance. ►Investigation of opportunities and challenges facing the non-QM mortgage market.
Oct 26, 2013
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021
Battling The ‘Giant Purple Snorklewacker’

The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.

Regulation and Compliance
Oct 08, 2021
The Compliance Contradiction

Staunch compliance stances often lead to contradictory actions.

Regulation and Compliance
Oct 06, 2021