FHFA Suspends Second Home, Investment Loan Limits
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Could the Fannie Mae, Freddie Mac net worth sweep return under Biden?
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
CFPB Delays QM Rule Compliance and Patch Demise Apr 28 2021, 9:29AM
Lenders will have more than an additional year to
comply with the General Qualified Mortgage (QM) Rule. The Consumer Financial
Protection Bureau (CFPB) says it is formally delaying the mandatory compliance
date for the new rule from July 1, 2021 to October 1, 2022. The Bureau says it
is taking the action to help ensure access to
responsible, affordable mortgage credit, and preserve flexibility for consumers
affected by the COVID-19 pandemic and its economic effects.
The delay will also
give lenders more
time to use the so-called GSE Patch. The Patch provides QM status to loans that