CFPB Proposes Amendments to Qualified Mortgage Rule
May 6, 2014
Responding to concerns about origination and servicing issues, the Consumer Financial Protection Bureau published a proposed rule offering three amendments to the Qualified Mortgages rule. In particular, the proposed rule would create a limited, post-consummation cure mechanism for mortgage loans thought to be qualified mortgages at origination but that actually exceed the points and fees limit for QMs.
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