| Mar 23, 2011 3:05PM The debate over what counts as a "Qualified Residential Mortgage (QRM)" may be coming to an end in the near future. The Federal Deposit Insurance Corporation (FDIC) has scheduled a meeting of its Board of Directors for next Tuesday to vote on the issue. A draft of the proposed rule will be made available to the public at that time. QRMs are home loans that will be exempt from the requirement that mortgage lenders retain a 5 percent share of each loan they originate that is packaged for securitization... Mar 23, 2011 2:06PM The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for February 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when...
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