Qualified Residential Mortgage Archive

Fix the Cap

By 2014 NAR President Steve Brown Because of NAR’s efforts and the REALTOR® Party‘s diligence, I am pleased to report that the United States House of Representatives passed the Mortgage Choice Act this past month. This bill would return...
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July 2, 2014

Down with Higher Down Payments

By Gary Thomas, 2012 President-Elect, National Association of REALTORS® In 2011, all of you heard quite a bit about a devastating provision in the Dodd-Frank financial reform law called the Qualified Residential Mortgage or QRM. There was quite a...
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December 14, 2011

QRM: Missing the Forest for the Trees, Posted by Gary

Do you know what the leading cause of foreclosure is?  Survey says:  Poor underwriting.  When a lender makes an unwise decision and gives a loan to a borrower with a poor credit history, that’s what leads to foreclosure.  This...
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April 25, 2011