CFPB Issues Two Final Rules to Promote Access to Responsible, Affordable Mortgage Credit
By EsqSocial Corporation 30/12/20
On December 10, the Consumer Financial Protection Bureau (CFPB) issued two final rules related to qualified mortgage (QM) loans. The first final rule, the General QM Final Rule, replaces current requirements for measuring a consumer’s ability to repay General QM loans based on the consumer’s debt-to-income ratio, and instead adopts a price-based approached. ...
By: Orrick - Finance 20/20