CFPB Throws Mortgage Market Another Curveball
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.