In QRM Plan: Banking regulators recently unveiled a new proposal on securitization standards, leaving out a controversial 20 percent minimum down payment requirement. The agencies have signaled, however, that the issue of down payments is still on the table.
New, softer proposed criteria for qualified residential mortgages (QRMs) include a question about whether regulators should reinstate a down payment restriction, with an even more stringent ratio of 30 percent. The 're-proposal' did not actually include a down payment requirement; but some of the discussion signals that the agencies could possibly restore some kind of down payment restriction in a final rule.
All Eyes are on Mortgage Rates:'
New, softer proposed criteria for qualified residential mortgages (QRMs) include a question about whether regulators should reinstate a down payment restriction, with an even more stringent ratio of 30 percent. The 're-proposal' did not actually include a down payment requirement; but some of the discussion signals that the agencies could possibly restore some kind of down payment restriction in a final rule.All Eyes are on Mortgage Rates:'
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