CFPB Delays Mandatory Compliance Date of New General Qualified Mortgage Rule
By EsqSocial Corporation 29/04/21
The CFPB recently issued a final rule delaying the mandatory compliance date for the new general qualified mortgage (QM) rule based on an annual percentage rate (APR) limit from July 1, 2021 to October 1, 2022. The final rule is effective on June 30, 2021. The CFPB also issued an executive summary of the final rule....
By: Ballard Spahr LLP