Skip to main content

CoreLogic Unveils White Paper on QRMs

Dec 17, 2013

CoreLogic released QRM and Risk Retention Standards: Foundation for a Sound Housing Market, the second white paper in a series intended to address the implications of new and revised federal regulations. In this edition, the re-proposed Credit Risk Retention (CRR) rule and Qualified Residential Mortgage (QRM) alternatives are outlined and analyzed, helping to bring greater clarity to the requirements. The paper also addresses the issue of QRM exemptions for the government-sponsored entities (GSEs) and the effect of the rules on loans outside the standard, such as jumbo loans. Key insights provided in QRM and Risk Retention Standards: Foundation for a Sound Housing Market include: ►An overview of the QRM and CRR rules’ original purpose and design, their pathway through the rule-making process and their current status. ►A discussion of the difference between the two alternatives in the CRR re-proposal and their impact on the securitization of conforming and non-conforming loans. ►Analysis of the exemptions for securities issued by GSEs and the uneven incentives the exemptions may create for private securitization of non-exempt loans. ►Consideration of the impact the re-proposal may have on the issuance and securitization of jumbo loans.
About the author
Published
Dec 17, 2013
Building A Digital Bridge Between Separate Revenue Streams

Menu cloud-based technology capitalizes on the entire borrowing cycle

Economists Less Confident Rates Will Drop Following Fed Decision

After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."

FHFA Final Rule Released

Rule codifies equitable housing programs, GSE Plans

FDIC Announces Closure Of Republic First Bank

The Philadelphia-based lender's 32 branches will now be served by Fulton Bank

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.