The mortgage market was buffeted by a number of changes in 2013 and 2014 among them higher fees at the FHA and changes to underwriting as required by the Ability‐ to‐Repay and Qualified Mortgage Rules. This survey queries a sample of mortgage lenders about the impact of the QM rule three months after implementation in addition to questions about the impact of changes to the FHA program.
Highlights of the Survey
- Non‐QM lending accounted for 1.6% of production by respondents in this sample and 8.3% were rebuttable presumption.
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An encouraging 73.7% of… Read More