Productivity and Marketing Products; Changes to ATR and QM? Not so fast…


Posted To: Pipeline Press

I’m a capital markets guy, so, by some people’s definition, don’t know much about numbers. But I know that .250 (a quarter point) on a $100,000 loan is $250. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $929 per loan in the third quarter of 2017, per the Mortgage Bankers Association (MBA) . I hope those hedge funds and money managers who thought they’d “get rich quick” in residential lending are happy with that income. Ops and Process Changes The lead story in STRATMOR Group’s Insights Report this month reports the results of the March survey that Dr. Matt Lind and I conducted on the Ability to Repay (ATR) and Qualified…(read more)

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