| 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 25, 2011 5:52PM Home loan borrowing costs moved incrementally higher this week. There is reason to be concerned about this directional drift.... Although today's increased costs are not out of line with the rest of the week, the broader bond market is potentially undergoing a technical shift . It hasn't been noticeable from a primary mortgage market perspective because borrowing costs have slowly drifted higher with little motivation over the past week, but thin margins are adding up and we're getting more nervous...
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