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Comment Period for Risk Retention Rules Extended to August 1st

2011-06-10T01:34:38+00:00

June 10, 2011 (Chris Moore) Regulators from the six federal agencies who were tasked with crafting the proposal for the risk retention rules for mortgages required under last year’s Dodd-Frank Finance Reform Bill have extended the deadline for the public comment period until August 1, 2011. […]

Risk Retention Proposal Released

2011-03-30T02:26:45+00:00

March 30, 2011 (Chris Moore) Seven agencies of the federal government jointly released the risk retention proposal mandated in the Dodd-Frank Refinance Reform Bill. The 233 page report defines “Qualified Residential Mortgages (QRM)” and provides additional guidance on requirements for commercial real estate and automobile loans. Read more...

Dirt-Cheap Mortgage Rates: Here for How Long?

2010-07-30T22:06:22+00:00

July 30, 2010 (Jeff Alan) Although economists have grown increasingly concerned that the real estate market may slip into a "double-dip" recession, today's consumers are being handed a tempting incentive to buy property or refinance their home loans: ultra-low mortgage rates. Rates on 30-year fixed mortgages fell to 4.57 percent for the week ending July [...]