QM Revamp Could Mean Separate Rules for Banks, Internet Lenders
National Mortgage News, May 17, 2018–Kate Berry (subscription)
Should regulators treat traditional banks and credit unions exactly the same as technology-driven lenders when vetting their mortgage underwriting standards? That is the central question to emerge following recent comments by acting Consumer Financial Protection Bureau Director Mick Mulvaney that the bureau may ease its Qualified Mortgage rule.
