In keeping with its promise to provide further guidance to the industry on the recent mortgage loan rules, the CFPB recently issued proposed clarifications and changes to the ability to repay/qualified mortgage rule and the servicing rules. Comments on the proposal will be due 30 days after it is published in the Federal Register. The… More >
Tag Archives: QM
Quoth the CFPB: “Nevermore” on loans made to consumers who can’t repay
Posted in MortgagesOn January 10, 2013, the CFPB issued the long-awaited ability to repay/qualified mortgage rule and, while the devil will be in the details, it appears that cautious optimism for the mortgage industry is warranted. The industry fought hard for the creation of a safe harbor for qualified mortgages and the rule includes a safe harbor… More >
Stay Connected
Subscribe to this blog via RSS
View our Linkedin page
Follow us on Twitter