[caption id="attachment_5251" align="alignright" width="300"] CFPB to Perform HMDA Diagnostic Review[/caption]

In a notice of proposed rulemaking, the CFPB said this category would be for “first-lien, fixed-rate covered transactions that have met certain performance requirements over a 36-month seasoning period, are held in portfolio until the end of the seasoning period, comply with general restrictions on product
features and points and fees, and meet certain underwriting requirements.”

The CFPB added in the notice that the addition of a seasoned QM category was intended to “to ensure access to responsible, affordable mortgage credit.”