Sentences with phrase «already tight credit market»

Without changes to the calculation of fees and points in determining whether a loan is a QM or not, many borrowers will no longer qualify for a QM loan or have the choices in mortgage finance they have even in today's already tight credit market.

Not exact matches

Raymond J. Keating, chief economist at the Small Business and Entrepreneurship Council, says the regulations risk choking off an already - tight credit market.

For credit markets, default rates are low, but extraordinarily tight credit spreads largely already reflect that fact.

In other words, under a narrow QM definition, lenders would further restrict home mortgage credit in what is already a tight lending environment because they would be fearful of the severe penalties that would be imposed if they failed to satisfy the ability - to - repay requirement under the more uncertain standards that would apply in the non-QM market.