Five-star Lender Impac Mortgage is currently in negotiations to acquire the mortgage origination business of a leading mortgage originator, according to a recent SEC filing.
However, the QM rule is continuing to dog lenders, overlays, documentation and DTI were the largest headwinds to the market, according to a survey conducted by NAR.
The FDIC has released a set of instructional videos that aim to help mortgage professionals understand how to comply with these rules.
The organizations say the amendment could harm competition and are urging changes to it.
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.