Mr. Fratantoni stated, “The most important thing to look at moving forward is household formation. We had a period of decline as young 20-somethings moved back in with their parents and households doubled up. Now those people are turning to rentals, just as rents are going through the roof, which means market dynamics are favorable for a rebound in first-time buyers.”Central to the panelists’ discussion was the impact of the Qualified Mortgage (QM) rule on lenders and consumers, as well as the implications of the pending Qualified Residential Mortgage (QRM) standards aimed at risk retention. In general, the panelists were in agreement that aligning the QRM standards with the recently released QM standards and ending an ongoing period of uncertainty would be most beneficial to the market.
Ken Harney And Teresa Bryce Bazemore Get Caught Up Before The Start Of The Panel Discussion. (Photo: Radian Group Inc.)
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