{"id":1479,"date":"2014-10-24T21:53:17","date_gmt":"2014-10-24T21:53:17","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1479"},"modified":"2014-10-24T21:53:17","modified_gmt":"2014-10-24T21:53:17","slug":"qrm-rule-opens-more-doors-for-consumers","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2014\/10\/24\/qrm-rule-opens-more-doors-for-consumers\/","title":{"rendered":"QRM Rule Opens More Doors for Consumers"},"content":{"rendered":"<p>The Federal Deposit Insurance Corporation is the 1st of 6 financial regulators to release the final verson of the long-awaited qualified residential mortgage (QRM) rule, which stems from the 2010 financial crisis.\u00a0 The QM rule provides ability-to-repay standards for sale and affordable loans, whether or not they are securitized for sale to investors.\u00a0 The QRM and QM rules are now aligned, such as the borrower&#8217;s debt-to-income ratio is 43% and no onerous down payment requirement.\u00a0 The QRM rule takes affect in 12 months, but lenders have been already lining up with the QR code.\u00a0 All this can be a widening and deepening of loan availability, which has been the main stumbling block to increased home.\u00a0 NAR chief economist\u00a0 Lawrence Yun said the alignment of the 2 rules could help make credit more available and boost sales.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Deposit Insurance Corporation is the 1st of 6 financial regulators to release the final verson of the long-awaited qualified residential mortgage (QRM) rule, which stems from the 2010 financial crisis.\u00a0 The QM rule provides ability-to-repay standards for sale and affordable loans, whether or not they are securitized for sale to investors.\u00a0 The QRM [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1479"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1479"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1479\/revisions"}],"predecessor-version":[{"id":1480,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1479\/revisions\/1480"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1479"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}