The National Association of Realtors (NAR) was one of multiple industry trade associations to write Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger with concerns on her recent announcement concerning the Ability-To-Repay/Qualified Mortgage (ATR/QM) rule.
The CFPB is working to replace the current QM GSE patch and update the QM definition.
Read on to see what the organizations are recommending the bureau do.
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