It may have been a while coming, but the regulator has finally spelled out a number of changes to its rules, including QM loan requirements.
The two commissioners who voted against the long-delayed mortgage rule offered some colorful criticism to their colleagues.
The long-awaited finalization of the rule draws closer as half of the regulators in charge of writing it agreed on more relaxed mortgage lending standards today.
An investment firm plans to invest more than $300 million in home loans made to U.S. borrowers with poor credit.
Not all regulation is bad, says Gateway Funding’s Sandi Sicilia. The problem with the current regulatory environment is that it lacks clarity and consistency – and too much regulation has led to deserving borrowers being turned away
With the advent of the CFPB’s qualified mortgage rule in January, many originators worried that QM restrictions would deal a deathblow to their businesses. But with the proper precautions, there’s no reason why non-QM loans can’t be a profitable channel for brokers