MBA Statement on CFPB Letter to Congress on QM Standard

On Jan. 17, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to members of Congress, signaling proposed changes to the current Qualified Mortgage standard.

MBA Letter Supports Self-Employed Mortgage Access Legislation

Ahead of an anticipated vote this week in the House Financial Services Committee, the Mortgage Bankers Association yesterday sent a letter of support for legislation that would help ensure fair access to mortgage credit for households with “non-traditional” forms of income.