MBA Advocacy Update–Dec. 14, 2020
The CFPB released its much-anticipated final QM rules replacing the so-called GSE Patch and providing QM status for “certain” seasoned loans. Both final rules reflected important provisions advocated by MBA throughout the comment process.
MBA Statement on CFPB Final General QM, Seasoned QM Rules
Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, released the following statement regarding the final General QM and Seasoned QM Rules:
CREF CFOs Discuss the New Normal, What’s Next
Commercial real estate chief financial officers have had to move quickly to respond to the pandemic and position their firms for whatever might come next.
MBA Chart of the Week: Number of Unemployed Workers By Duration of Unemployment
Over the past three months, the pace of job gains has slowed from the rapid recovery seen over the summer. Similarly, the unemployment rate continues to decline, but at a more gradual pace.
