CFPB Finalizes Changes to Qualified Mortgage Rules
The Consumer Financial Protection Bureau has issued final rules that change the requirements for qualified mortgage loans and create a new category of QMs.
CFPB Proposes New Type of QM Mortgage
by Banker & Tradesman | Aug 19, 2020
The Consumer Financial Protection Bureau is proposing a new type of qualified mortgage, called a “Seasoned Qualified Mortgage,” which would give certain loans qualified mortgage status even if a borrower had missed a small number of payments.
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