CFPB Throws Mortgage Market Another Curveball

March 8, 2021

National Mortgage News, Mar. 7, 2021–Kate Berry (subscription)
The Consumer Financial Protection Bureau’s mortgage underwriting rule remains a political football following the agency’s decision to delay a key compliance date. Pete Mills, a senior vice president at the Mortgage Bankers Association, said the delay raises the question of whether the GSE exemption will exist indefinitely and the CFPB will consider additional QM changes.
https://www.nationalmortgagenews.com/news/cfpb-throws-mortgage-market-another-curveball