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The CEO of SWBC Mortgage discusses her top priorities for the Mortgage Bankers Association, the election, the CFPB's seasoned QM proposal and what to expect at this week's conference.
October 19 -
For many borrowers who might have qualified for conventional financing before the pandemic, non-QM loans are the only path forward toward homeownership.
October 16Luxury Mortgage -
The Consumer Financial Protection Bureau's overhaul of its Qualified Mortgage standard is alarming free-market advocates who say it will precipitate a return to easy credit and higher defaults and could disproportionately harm minorities.
October 8 -
With the onset of COVID and the reaction by the Federal Reserve Board and other agencies, market pressures have reduced credit availability significantly.
October 2Whalen Global Advisors LLC -
The proposals offer lenders both cause for celebration and for concern.
September 15Promontory MortgagePath -
The agency’s plan to extend the "qualified mortgage" stamp of approval to more loans could help lenders that rely on alternative data and cushion the blow of other QM changes for Fannie Mae and Freddie Mac.
September 2 -
The new reality for investors and originators accounts for forbearances and ability-to-repay.
August 28 -
The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability.
August 18 -
In a letter to the Consumer Financial Protection Bureau, the Mortgage Bankers Association recommended adding six more months to the latest GSE patch proposal.
August 12 -
The company reported nearly $23 million in losses for the second quarter, but that was an improvement on a quarter-to-quarter basis.
August 7