The Consumer Financial Protection Bureau (CFPB) has issued a final rule to extend the government-sponsored enterprise (GSE) patch until the mandatory compliance date of a final rule amending the Qualified Mortgage loan definition.
The patch was scheduled to expire Jan. 10. The bureau is not amending the provision in Regulation Z stating that the GSE patch will expire if Fannie Mae and Freddie Mac exit conservatorship.
Read on for details from the CFPB.
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