CFPB’s Latest Underwriting Revamp Seen as Boon to Fintechs, GSEs

American Banker, Sept. 2, 2020–Kate Berry (subscription)
The agency’s plan to extend the “qualified mortgage” stamp of approval to more loans could help lenders that rely on alternative data and cushion the blow of other QM changes for Fannie Mae and Freddie Mac.
https://www.americanbanker.com/news/cfpbs-latest-underwriting-revamp-seen-as-boon-to-fintechs-gses