What, If Anything, Should Replace the QM GSE Patch?

2019 ◽  
Keyword(s):  
Private Sector ◽  
Mortgage Lending ◽  
Consumer Finance ◽  
Access To Credit ◽  
Equal Footing ◽  
Fannie Mae ◽  
Definition Of ◽  
Freddie Mac

In 2017, approximately 400,000 high debt-to-income mortgages met the definition of the Bureau of Consumer Finance Protection’s Qualified Mortgage rule thanks to an exemption that grants QM status to high-DTI loans guaranteed by Fannie Mae or Freddie Mac. This exemption, referred to as the “GSE patch” is set to expire on January 10, 2021, or when the GSEs exit conservatorship, whichever comes first. This sets up an urgent need to determine what, if anything should replace the patch. This article offers three options to that end: 1) preserve the patch; 2) make QM determination based on overall riskiness, as measured by spread to a mortgage lending benchmark rate; or 3) drop the patch. The authors examine each option and recommend Option 2 because it strikes a healthier balance between expanding access to credit and limiting defaults to reasonable levels. Option 2 would eliminate both the DTI cap and the GSE patch while placing the private sector on a more equal footing with the GSEs.

Counter-Hegemonic Visions of Self-Respect in a Novel: Ramamirthammal’s Challenge to Indian Nationalism

2020 ◽  
Vol 5 (2) ◽  
pp. 119-131
Author(s):  
Sitharthan Sriharan
Keyword(s):  
The Self ◽  
National Liberation ◽  
Equal Footing ◽  
Indian Nationalism ◽  
Definition Of

Periyar’s Self-Respect Movement challenged the ideological hegemony of the Indian Independence struggle by demanding that equality between sexes and eradicating caste be put on an equal footing with national liberation. The author analyses a chapter in a novel written by Muvalur Ramamirthammal, a reformer from a devadasi community, who joined the Self-Respect Movement and became an ardent abolitionist of the devadasi system. In a dialogue between an ex-devadasi, who is represented as a Self-Respect activist, and a Brahmin man with Indian nationalist views, the former devadasi highlights the Self-Respect Movement’s definition of modern citizenship based on the principles of self-respect and dignity of all beginning with women. The article concludes by discussing the novel's wider connection to the Self-Respect Movement and why further research on both respectively is crucial.

scholarly journals Estructura de la planeación normativa como un proceso para la consolidación del Comité de Seguridad Informática en Chihuahua, Chih

2019 ◽  
pp. 6-10
Author(s):  
Perla Cristina Córdova-Villegas ◽  
América Libertad Medina-Nuñez ◽  
Esperanza Raquel Moreno-Ojeda ◽  
Alfonso José Barroso-Barajas
Keyword(s):  
Qualitative Research ◽  
Information Security ◽  
Private Sector ◽  
Structured Interview ◽  
Professional Activity ◽  
Definition Of

Nowadays there is a need to fortify the Information Security of organizations, which increase the interest of the private sector to work collaboratively with researchers and educators to structure an organism that allows to asses those who require advice in this area. This is how the Information Security Committee emerges and that is how results the need to create the sense of how it will act. Objectives: Make a diagnostic of the perception of the Information Security Committee about the elements that form the normative planning of organizations. Create the mission, vision and define of the Information Security Committee. Methodology: The project is based on a qualitative research, in which five members of the Information Security Committee a fill an semi structured interview to link the processed knowledge with the context where the professional activity is developed. Contribution: Making the normative planning for the Information Security Committee, creation of the mission, vision and the definition of the values that will provide a guide for the establishment of the objectives and strategies.

scholarly journals The Rescue of Fannie Mae and Freddie Mac

2015 ◽  
Author(s):  
W. Scott Frame ◽  
Andreas Fuster ◽  
Joseph Tracy ◽  
James Ian Vickery
Keyword(s):  
Fannie Mae ◽  
Freddie Mac
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