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(English) The QM Announcement and What It Means to Real Estate

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4 comentarios
  1. Roy Paeth
    Roy Paeth Dice:

    Those ratio limits are for loans that are not run and approved through an automated underwriting system such as DU or LP on conventional and FHA loans or GUS for USDA loans. So in essence unless the loan is an manual underwrite due to lack of tradelines or some other outside the norm reason then it really stays business as usual. I think in the past year I only had one loan the had to be done with a manual underwrite rather than being approved through an automated system.

  2. Joe
    Joe Dice:

    How will this help anything? What needs to be done is for some regulations on time frames in which the lenders have to complete shortsale transactions with extremely severe penalties which should include prison time for the banks fraudulent behavior. Banks have not been held accountable in any way and without severe penalties to them nothing will improve. It is about time that consequences for actions be the focus of the banking industry.


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