£99.00

Qualified Mortgages: Elements & Potential Effects

Management Science

Price data checked 1 day ago

View at Amazon

Price History & Forecast

Last 90 days • 90 data points

Historical

Generating forecast...

Price Distribution

Price distribution over 90 days • 2 price levels

Days at Price

Current Price

Price Analysis

Most common price: £97 (85 days, 94.4%)

Price range: £97 - £99

Price levels: 2 different prices over 90 days

Description

During the years preceding the mortgage crisis, too many mortgages were made to consumers without regard to the consumers' ability to repay the loans. Loose underwriting practices by some creditors including failure to verify consumers' income or debts and qualifying consumers for mortgages based on ""teaser"" interest rates after which monthly payments would jump to unaffordable levels contributed to a mortgage crisis that led to the nation's most serious recession since the Great Depression. Amid concerns that risky mortgage products and poor underwriting standards contributed to the recent housing crisis, Congress included mortgage reform provisions (qualified mortgage (QM) and qualified residential mortgage (QRM)) in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Consumer Financial Protection Bureau's (CFPB) regulations establishing standards for QM loans became effective in January 2014. More recently, six agencies jointly issued the final QRM rule that will become effective in December 2015. This book discusses views on the expected effects of the QM and QRM regulations, and examines the extent of agency planning for reviewing the regulations' effects, among its objectives.

Product Specifications

Format: hardcover
ASIN: 1634845595
Category: Books > Subjects > Business, Finance & Law > Management > Management Science
Domain: Amazon UK
Release Date: 01 March 2016
Listed Since: 01 January 2016

Barcode

No barcode data available

Qualified Mortgages: Elements & Potential Effects

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward

Bad History, Worse Policy: How a False Narrative About the Financial Crisis Led to the Dodd-Frank Act

Dodd-Frank Wall Street Reform And Consumer Protection Act: Purpose, Critique, Implementation Status And Policy Issues: Volume 2 (World Scientific-Now Publishers Series in Business)

Retail Credit Risk Management (Palgrave Macmillan Studies in Banking and Financial Institutions)

Korean Bank Regulation and Supervision: Crisis and Reform: Crisis and Reform (International Banking, Finance and Economic Law Series Set)

Inequality, Consumer Credit and the Saving Puzzle (New Directions in Modern Economics series)

National Flood Insurance Program: Challenges & Reforms (Natural Disaster Research, Prediction and Mitigation)

Rethinking Risk in National Security: Lessons of the Financial Crisis for Risk Management

40 Years of Experience with the National Market System (NMS): Who Are the Winners and What Have We Learned? (Zicklin School of Business Financial Markets Series)

Financial Risk Management: Applications in Market, Credit, Asset and Liability Management and Firmwide Risk (Wiley Finance)

The Basel II Risk Parameters: Estimation, Validation, Stress Testing - with Applications to Loan Risk Management

US Withholding Tax: Practical Implications of QI and FATCA (Global Financial Markets)

Transnational Mortgage Law: Reconstructing the Global Framework for Housing Finance (Hart Studies in Commercial and Financial Law)

Principles of Banking Regulation

The Process of Enterprise Risk Management

Federal Support for Domestic Disaster Assistance: Deployable Assets & Responders

Offshore Risk Assessment: Principles, Modelling and Applications of QRA Studies

Macroeconomic Policy after the Crash: Issues in Monetary and Fiscal Policy

Lobbying Regulation: History, Laws, Reform Options, & Compliance

Earthquake in Haiti: Aftermath Conditions and Crisis Response (Natural Disaster Research, Prediction and Mitigation)

International Financial Architecture: G7, IMF, BIS, Debtors and Creditors (Palgrave Texts in Finance and Monetary Economics)

Money, Banking and Financial Markets

FEDERAL RECOMMENDATIONS FOR IMPROVING F (America in the 21st Century: Political and Economic Issues)

Decision Making with Quantitative Financial Market Data: Applications, Precautions and Pitfalls (SpringerBriefs in Operations Research)