Changes to the Qualified Mortgage Rule are Coming; Be Prepared

National Mortgage News, Sept. 15, 2020–Colgate Selden (subscription)
With origination volumes skyrocketing due to historically low interest rates, it would be an understatement to say lenders have been preoccupied in 2020. However, as the Consumer Financial Protection Bureau considers changes to the qualified mortgage rule, lenders must shift a portion of their focus to ensure they understand the proposed changes and are prepared to comply once the rule becomes final.
https://www.nationalmortgagenews.com/opinion/changes-to-the-qualified-mortgage-rule-are-coming-be-prepared