Tuesday, March 29, 2011

Skin in the Game: Risk Retention Proposal Published

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Mar 29, 2011 12:57PM

Skin in the Game: Risk Retention Proposal Published

The Office of the Comptroller of the Currency, Treasury, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), U.S.Securities and Exchange Commission; Federal Housing Finance Agency (FHFA) and Department of Housing and Urban Development (HUD) have released a proposal to define Qualified Residential Mortgages (QRM). 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...

Mar 29, 2011 3:30PM

Case-Shiller: Home Price Double-Dip Materializing

The January S&P/Case Shiller Home Price Indices , released by Standard & Poor's this morning, show further deceleration in the growth rates of home prices in most of the cities in the survey. The indices, which are billed by S&P as the leading measure of U.S. home prices, are constructed to track the price path of typical single-family homes in a number of metropolitan statistical areas (MSAs). The study uses matched price pairs of individual houses to construct a 20-City Composite Index...


Micro News

4:40 PM:

Republicans Target GSEs in New House Bills

3:35 PM:

HUD Comments on Risk Retention Proposal

3:13 PM:

Numerous Reprices for Worse, but Bonds Stabilizing

1:02 PM:

5yr Treasury Auction Results

10:01 AM:

DATA FLASH: Consumer Confidence 63.4 vs 72.0 in February

9:49 AM:

S&P Downgrades Portugal's and Greece's Sovereign Debt Rating

9:03 AM:

Regulators to Set Rules on Mortgage Securities

9:02 AM:

DATA FLASH: Case Shiller Home Prices Fall For 7th Month in a Row

Around the Web

Video News

FDIC's Bair Says Risk-Retention Rule Is `Good, Balanced'

Double-Dip Dilemma

Uncle Sam Looking for a Ref!


Today's Comments

Adam Quinones

"HUD Secretary Shaun Donovan issued the following statement upon release of the proposed risk retention rules: "The goal of the proposed rule released today..."

Jason Harris

"By the way Frank...excellent points. I routinely (like every day) discuss with clients that it is not important what I can approve them for only that we..."

Frank Ceizyk

"Don, I appreciate the explanations above, but it appears to me that you are suggesting there really is no proactive action we can take as an industry,..."

Today's Q&A

Anonymous

"How do i send extra payment to morgage towards principle only..."

Anonymous

"If my agent is selling my home and showing me my new home how..."

Anonymous

"What is the quickest and easiest way to transfer complete ownership..."

Today's Forum Discussions

TheKid

"Does anyone have any information on their new/upcoming comp changes. Preferably information for LO's from the big banks. Educated guesses are welcome..."

Dan Henderson

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Harris Loan Type: Purchase Loan Amount: 204672,300,000 Property Value: 204672,300,000 LTV..."

Kevin Foster

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: --- Loan Type: Purchase Loan Amount: $250,000 Property Value: $400,000 LTV: 63% FICO..."