qualified residential mortgage: Qualified Residential Mortgages...Changes Affecting Lending in 2013
- 12/06/12 09:15 PM
Recently I attended a symposium at the Federal Reserve in Boston. The focus was a forecast of economic trends in 2013, and how these will affect the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers. THE TOP 5 CHANGES IN THE MORTGAGE INDUSTRY FOR 2013 #2: Qualified Residential Mortgage I blogged about QRMs last year (http://actvra.in/8cq) after I attended this symposium to hear trends for 2012. A QRM is a loan with a minimum of 20% down and a debt-to-income ratio that does not exceed 36%. As the banks adopt … (18 comments)
qualified residential mortgage: THE TOP 5 CHANGES IN THE MORTGAGE INDUSTRY FOR 2013
- 12/04/12 09:21 PM
Recently I attended a symposium at the Federal Reserve in Boston. The focus was a forecast of economic trends in 2013, and how these will affect the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers. THE TOP 5 CHANGES IN THE MORTGAGE INDUSTRY FOR 2013 In a David Letterman-style countdown, speaker John Broderick, Sr VP of Mortgage Banking at Eastern Bank described the 5 most significant changes that will affect the mortgage industry in 2013. #4: Fiscal Cliff Everyone should be concerned about what will happen when the Budget Control … (2 comments)
qualified residential mortgage: Top 5 Changes in the Mortgage Industry - 2013
- 12/03/12 10:25 PM
Recently I attended a symposium at the Federal Reserve in Boston. The focus was to forecast economic trends in 2013, and the affect on the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers. THE TOP 5 CHANGES IN THE MORTGAGE INDUSTRY FOR 2013 In a David Letterman-style countdown, speaker John Broderick, Sr VP of Mortgage Banking at Eastern Bank described the 5 most significant changes that will affect the mortgage industry in 2013. #5:Basel 3 Not a new version of the garden herb...this is a town in Switzerland. An international … (2 comments)
qualified residential mortgage: Beat the Clock for Buyers and Sellers - the implications of the Dodd/Frank Act
- 04/13/11 01:16 AM
Buyers and Sellers! You have 12 months to beat the clock! Buyers! If the Dodd-Frank Act goes into full effect next April, you will have to put 20% down in order to make a home purchase, unless you finance through FHA, or you can find a lender who will hold your mortgage in-house. Starting next April, you will hear the term "QRM"-Qualified Residential Mortgage. No loan will make the QRM standards unless the buyer puts 20% down and has a minimum credit rating of 740! Sellers! Imagine if the only buyers who can purchase your home are those with 20% to … (6 comments)
qualified residential mortgage: Qualified Residential Mortgages - New Rules Effective April 2012!
- 04/12/11 07:53 AM
Are You Aware of the New Lending Laws Changing in April 2012? Do you know what will be required to obtain a Qualified Residential Mortgage? I was minding my own business this morning getting ready for work and listening to the news, but stopped in my tracks when the TV host said, "and lenders will require a minimum of 20% down on home mortgages..." What?! The speaker went on to explain that as of April 2012 new lending laws will establish a QRM or Qualified Residential Mortgage. These new rules include: minimum of 20% downpayment minimum equity of 25% to qualify … (3 comments)
Recently I attended a symposium at the Federal Reserve in Boston. The focus was a forecast of economic trends in 2013, and how these will affect the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers.
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