By Jann Swanson
Posted To: MND NewsWire
Stuart Quinn, a policy research and strategy analyst for CoreLogic summarizes 2014 as a period of consumption for housing market participants when it came to regulatory and policy guidance. They were “digesting, interpreting, re-interpreting and implementing lengthy regulations to remain compliant and operationally sound.” And, according to Quinn, they did have a lot to digest, interpret and implement during the year. The Ability to Repay/Qualified Mortgage (QM) Rule, new servicing rules, amendments modifying the National Flood Insurance Program, and the Qualified Residential Mortgage/Risk Retention rule were all on the plates of lenders and/or servicers. There were multi-million dollar legal settlements, tighter underwriting standards, gradually rising interest rates, and still soft employment…(read more)
Via:: 2015 Housing Policy Agenda: Inertia and Competition?
