The Consumer Financial Protection Bureau (CFPB) announced it expects to propose a rule to delay the General Qualified Mortgage (QM) Final Rule’s July 1, 2021 mandatory compliance date.
On Dec. 10, the CFPB issued two final rules to help support a smooth and orderly transition away from the government-sponsored enterprise patch and maintain access to responsible, affordable mortgage credit.
Read on for details from acting CFPB Director Dave Uejio.
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