GSE Patch

January 13, 2020

Expiration of the CFPB’s Qualified Mortgage (QM) GSE Patch – Part V

Further insights on balancing risks (loan delinquency) and benefits (mortgage credit access) in the QM Safe Harbor, following expiration of the GSE Patch In our previous blog, Part IV of our QM blog series, we examined the balance of risks (loan delinquency) and benefits (mortgage credit access) ...

January 10, 2020

Expiration of the CFPB’s Qualified Mortgage (QM) GSE Patch – Part IV

Insights on balancing risks (loan delinquency) and benefits (mortgage credit access) in the QM Safe Harbor, following expiration of the GSE Patch This blog is a continuation of Parts I-III of our blog series: Expiration of the CFPB’s Qualified Mortgage “GSE Patch.” As we introduced in P...

July 26, 2019

Expiration of the CFPB’s Qualified Mortgage “GSE Patch” – Part 3

African American, Hispanic or Latino, and low-income borrowers, and borrowers buying properties located in underserved neighborhoods more frequent in the “GSE Patch” BY ARCHANA PRADHAN HOUSING AFFORDABILITY, MORTGAGE FINANCE This blog is a continuation of Part 1 and 2 of ...

July 19, 2019

Expiration of the CFPB’s Qualified Mortgage “GSE Patch” – Part 2

Younger millennials and retirees, Non-W-2 earners, and low-income borrowers more frequent in the “GSE Patch” This blog is a continuation of Part I of our blog series – Expiration of the CFPB’s Qualified Mortgage “GSE Patch”. As discussed in our first blog, roughly 16% or $260B of 2018 m...

July 11, 2019

Expiration of the CFPB’s Qualified Mortgage “GSE Patch” – Part 1

GSE Patch accounted for an estimated $260 billion, or 16%, of 2018 home loan originations Qualified Mortgage (QM) Overview: The Consumer Financial Protection Bureau’s (CFPB) 2013 Ability-to-Repay (ATR) and Qualified Mortgage (QM) rule (Rule) requires lenders to make a reasonable, good faith deter...