CFPB Delay of QM Rule Implementation is a Terrible Move

HousingWire, Mar. 4, 2021–David Stevens, CMB
Former MBA President & CEO says the Consumer Financial Protection Bureau is creating uncertainty and disruption in the housing finance industry and literally forcing the reliance on the GSEs and, for now, shutting off the opportunity for new players to emerge in a larger way. “This is bad form, bad regulatory behavior and bad news for all in housing and housing finance,” he says.