The Consumer Financial Protection Bureau (CFPB) has issued two new rules Director Kathy Kraninger said will support a smooth and orderly transition away from the government-sponsored enterprise (GSE) patch.
The first final rule replaces the current requirement for General QM loans that the consumer’s debt-to-income ratio (DTI) not exceed 43 percent with a limit based on the loan’s pricing.
Read on for reaction from the National Association of Realtors.
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