The Ability to Repay mortgage rule section of the Dodd Frank Regulations works in conjunction with the Qualified Mortgage (QM) regulation. At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets; (2) current employment ... » Learn More about Basics of Ability to Repay Mortgage Regulation
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Mortgages For Every Scenario – FHA-VA-Stated-Investor
With all the changes being made in the mortgage industry, and new government regulations being a moving target, it's advantageous to have access to the wholesale divisions of numerous big, small, private, and credit union lenders. 30 years experience can help structure deals that can close. ... » Learn More about Mortgages For Every Scenario – FHA-VA-Stated-Investor
Ron Henderson to Give Presentation on the Equity Holding Trust June 27
Ron Henderson, President & Broker Multi Real Estate Services, Inc will be conducting a presentation on the "Equity Holding Trust" for the OutWest Marketing Meeting (Southland Regional Association of Realtors) on Friday June 27, 2014 at 8:30 am. Meeting is at Coco's Bakery & Restaurant 22200 ... » Learn More about Ron Henderson to Give Presentation on the Equity Holding Trust June 27
SEC to Allow QRM to Equal QM
The Security and Exchange Commission (SEC) has agreed to allow the standards for the Qualified Residential Mortgage (QRM) to equal the Qualified Mortgage (QM) criteria imposed by the Consumer Financial Protection Bureau (CFPB). By allowing QRMs to equal the QM standards, there will not be a ... » Learn More about SEC to Allow QRM to Equal QM