Estimated reading time: 0 minutes, 23 seconds

CFPB Declares 'Fresh Look' at Qualified Mortgage Rules

Saturday, Jun 25 2022
Lending
Written by  The Mortgage Leader

The Consumer Financial Protection Bureau announced it will revisit, and possibly update, decade-old rules for the mortgage market.

CFPB 150x150CFPB director Rohit Chopra said in a blog post that the agency will be taking a “fresh look” at “a host of rules.”

The reviews, he said, include: “The CFPB’s Qualified Mortgage Rules to explore ways to spur streamlined modification and refinancing in the mortgage market, as well as assessing aspects of the ‘seasoning’ provisions.”

Read the full announcement.

Read 1281 times
Rate this item
(0 votes)
More in this category: « JPMorgan Lays Off Hundreds of Home Lending Pros New Residential Restructures, Rebrands As Rithm Capital »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline