Review Mortgage Lenders

American Residential Lending

5909 NW Expressway Oklahoma City, OK 73132

New American Mortgage Merger Announcement on March Mar 17, 2011

Charlotte Chamber President Bob Morgan along with former NFL player Casey Crawford announce the merger of Charlotte companies New American ...

Mortgage lending restricted by regulatory burdens, bankers say

The increased regulatory burden created by the Dodd-Frank Act restricted bank residential lending in 2017, especially when it came to non-qualified mortgages, according to an American Bankers Association survey.

Slightly more than half of the banks, 52%, said they primarily originated loans that met the qualified mortgage standard, and whatever non-QM lending they did was to targeted markets, the ABA's Real Estate Lending Survey found. This was up from 45% in 2016.

The qualified mortgage rule established under Dodd-Frank created a safe harbor for loans that met certain criteria; but no matter whether a loan meets that criteria or not, currently any loan that Fannie Mae or Freddie Mac will purchase is automatically QM. Many banks' mortgage lending strategy includes originating jumbo loans which are not agency eligible and keeping them in their portfolio. But many jumbo mortgages fall outside of the QM rule standards and thus don't fall under the safe harbor, making lenders reluctant to originate them.

Is Obama going to CHANGE the lending practices of Fannie Mae and Freddie Mac? ?

Privatizing these institutions is not going to make the problems go away, sooner or later the realities must be admitted and handled correctly, this is simply going to make future Americans pay for this mess.

um... They were taken over by government. That's the opposite of privatization.

Yes, it's a put off. The inevitable will happen... but off of George Bush's watch.

People are dumb. It's a fact of life.