Thomas Hoenig, vice chairman of the FDIC, said he is particularly interested in exploring the downpayment issue further. Securities investors are also likely to push for downpayment requirements for QRMs.
Sales-to-list price ratios on non-distressed properties increased for the seventh consecutive month in July to 98 percent, according to new research from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
As feared by the residential finance industry, an increase in upfront mortgage insurance premiums is hurting participation in the FHA program by first-time buyers.