Tag Archives: Qualified Mortgage Rule

Mortgage Originations Expected To Dwindle In 2014

The Mortgage Bankers Association lowered the projected mortgage originations in 2014 to $1.12 trillion—a $57 billion decrease. Despite high expectations for the economy, financial institutions believe originations will remain low due to the newly created Qualified Mortgage Rule and high interest rates. Home purchase originations are anticipated to be at $677 billion this year, dropping […]

New Mortgage Lending Rules Take Effect

The Consumer Financial Protection Bureau recently issued new rules that were designed to create a “back to the basis” approach for mortgage lending. The new rules have been implemented to lower the risk of defaults and foreclosures. Under the new regulations, mortgage lenders are being asked to follow the Ability to Repay rule and Qualified […]