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Regulatory Changes May Bring Opportunities

Identifying the year’s key trends and determining how to capitalize on them for the benefit of your members and your bottom line is always important. However, 2011 will be particularly pivotal within the residential mortgage market. There are three areas to watch closely.

By Joel Luebkeman | Updated on April 06, 2011

Identifying the year’s key trends and determining how to capitalize on them for the benefit of your members and your bottom line is always important. However, 2011 will be particularly pivotal within the residential mortgage market. There are three areas to watch closely.

Regulatory rule making for the qualified residential mortgage (QRM) definition is in its final stages. Mandated by the Dodd-Frank Act, the QRM definition has been released by financial regulatory agencies for comment. QRM will be a stamp of quality similar to that once embodied by Fannie Mae’s and Freddie Mac’s conforming loan standards. Loans meeting the QRM definition are exempt from the 5% risk retention requirements applying to securitized loans.

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