QRMQormi (postal locality, Malta)
QRMQuick Response Manufacturing
QRMQuantitative Risk Management (Chicago, IL)
QRMQuality Resource Management
QRMMan Made Interference
QRMQuadrennial Roles and Missions
QRMQuantitative Research Methods
QRMQuarterly Review Meeting
QRMQuick Response Modification
QRMQuality Review Meeting
References in periodicals archive ?
QRM doesn't replace lean manufacturing methods, but when there's a customer need for a one-off or custom product, QRM has more positive aspects vs.
But CUNA Mutual and CUNA executives argued strongly in a July 18 webinar about the QRM debate that credit unions should care passionately about how QRMs are defined and should weigh in on the discussion among the regulators.
The proposed QRM exemption requires a high down payment--proposed at 20%, with even higher levels of minimum equity required for refinancing--even though that isn't considered a significant factor in reducing defaults.
Other examples where copulas enter naturally in the realm of QRM concern aggregation of risk measures within a given risk class, operational risk, say, or between risk classes (market, credit, operational, underwriting, etc.
As one of the primary principles of QRM states, "the degree of rigor and formality of quality risk management should reflect available knowledge and be commensurate with the complexity and/or criticality of the issue to be addressed.
The industry also wanted the QRM rule to mirror the Qualified Mortgage (QM) definition, which is another byproduct of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Rule also contains safeguards against abuse of the QRM (and other qualifying asset) exemptions, such as imposing repurchase obligations on the sponsor if it is subsequently determined that any loan does not satisfy the QRM requirement.
Securitization of QRMs exempts issuers from risk retention and premium capture requirements so resolving these definitions will be a critical breakthrough for restarting the private-label RMBS market,' said Senior Director Suzanne Mistretta.
Specifically, the Realtors objected to the requirement that most QRM borrowers will have to make a 20% down payment.
The final rule aligns the QRM definition with that of a Qualified Mortgage as defined earlier by the Consumer Financial Protection Bureau (CFPB).
The proposed QRM definition appears to conflict directly with the Obama administration's preference for shrinking FHA from its current role of financing one-third of all mortgages," wrote Michael Berman, chairman of the Mortgage Bankers Association in testimony before the House Financial Services Committee on May 25.
While a full-blown QRM program, needed for a new API, is not needed, the approach should be similar.