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Being decided in D.C. over the coming weeks is the Qualified Mortgage rule, promising to...

  • Monday, May 7, 2012, 11:57 AM ET
    Being decided in D.C. over the coming weeks is the Qualified Mortgage rule, promising to profoundly affect mortgage finance. Without a so-called "safe harbor," any future foreclosure could mean a litigation nightmare for lenders, meaning they're going to stop lending. Lew Ranieri says two "well-respected" mortgage companies are looking to sell, citing "regulatory uncertainty."
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This news story has 4 comments:

  •  
    Lets be honest here, they just don't want to go back to the old models that had lower profit margins.
    7 May 2012, 12:39 PM Reply Like
  •  
    This will slow the housing recovery. If lenders do not lend you can not sell now houses. It is going to be a lot harder to qualify. Another reason to get the government out of business. England and France here we come. We have had our 250 year run just like you did. Leaves us and goes to China for there 250 year run.
    7 May 2012, 04:41 PM Reply Like
  •  
    As the owner of a mortgage company it is already much harder to get a mortgage done today. The credit standards are not that much different than they used to be (long before sub-prime)but the mortgage wholesalers are so afraid to do anything wrong that the documentation has gotten much more onerous. Plus most lenders are woefully understaffed. The mortgage industry can work within regulations but the Dodd-Frank bill has many uncertainties and will be changing.
    7 May 2012, 08:09 PM Reply Like
  •  
    Political rubbish at best.
    7 May 2012, 08:17 PM Reply Like
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