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Thursday, August 14, 2014

Fannie Mae Survey: 74% of Lenders Expect Increase Costs as a Result of QM Rules

Fannie Mae’s Economic and Strategic Research Group surveyed senior mortgage executives in June 2014 via its quarterly Mortgage Lender Sentiment Survey to better understand how lenders are adapting to the new ATR/QM standards. Survey results included:
  • 80% of the lenders surveyed say they “do not plan to pursue non-QM loans” or prefer to “wait and see.” 
  • 74% of respondents reported that they expect operational costs to increase as a result of QM rules. 
  • 36% of the lenders reported that they expect to tighten their credit standards as a result of QM rules
Read more.

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