The CFPB revealed late Thursday that it plans to allow for the planned expiration of the QM patch in January 2021, noting that it may impose a brief extension “to facilitate a smooth and orderly transition.” Regardless, the QM patch appears to be nearing its end days. The bureau is seeking input on how to make this transition, and a number of industry players are already weighing in, stressing an urgent need to redefine a Qualified Mortgage. Click the headline to read more.
https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png HousingWire2019-07-26 17:10:002019-07-26 17:10:00CFPB moves to kill QM patch
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