Freddie Mac Announces Updates in Response to CFPB Revised General QM Rule and Amended PSPA
By EsqSocial Corporation 23/04/21
Freddie Mac recently issued Bulletin 2021-13 that discusses updates in response to the CFPB Revised General Qualified Mortgage (QM) rule. The Bulletin clarifies that under the amended Preferred Stock Purchase Agreement (the Amended PSPA) that Freddie Mac, through the FHFA as its conservator, entered into with the Department of Treasury, Freddie Mac will no longer be able to purchase QMs under the GSE Patch for mortgages with applications received on or after July 1, 2021, and all mortgages with...
By: Weiner Brodsky Kider PC