Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, August 15, 2013

Regulators Reportedly Will Propose New QRM Rule

Bloomberg has reported that a new version of the Qualified Residential Mortgage Rule (QRM) is likely to be proposed by regulators at the end of August according to people familiar with the matter. According to the article, the draft regulation would require a portion of risk securitized mortgages remain with the bank when borrowers spend more than 43% of their monthly income on debt – the current proposed rule requires this when borrowers are spending more than 36% of their monthly income in debt.

In addition, the article reports the new rule would carve out mortgages backed by Fannie Mae and Freddie Mac.

Read more by following the link in the ABARegPolicy twitter feed on the right of the Dodd-Frank Tracker homepage.

No comments:

Post a Comment

Please read our comment policy before making a comment.