Tag Archives: Ability-to-Repay/Qualified Mortgage

CFPB Updates Reg Z Dollar Thresholds

The Consumer Financial Protection Bureau today announced 2017 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.

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ABA Survey: QM Lending Dipped in 2015

The percentage of Qualified Mortgages originated by banks declined in 2015, falling to 86 percent from 90 percent in 2014, according to ABA’s latest Residential Real Estate Survey released today as the association kicks off its annual Real Estate Lending Conference in San Antonio.

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FHFA: Q3 HARP Refinances Down

More than 495,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 25,824 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.

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House Passes ABA-Advocated Portfolio Lending Bill

By a bipartisan 255-174 vote, the House today passed H.R. 1210, which would designate all mortgage loans that institutions originate and hold in portfolio as Qualified Mortgages and thus subject to the safe harbor provisions of the Ability-to-Repay Rule.

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