Tag: QM

CFPB Seeks to Delay Mandatory Compliance of General QM Rule

Filed in Advocacy, Housing Finance by on March 3, 2021 0 Comments
CFPB Seeks to Delay Mandatory Compliance of General QM Rule

The Consumer Financial Protection Bureau (CFPB) today proposed to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to Oct. 1, 2022.

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CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Standards, Housing Finance by on June 22, 2020 0 Comments
CFPB Proposes Two Rules to Address GSE Patch

The Consumer Financial Protection Bureau (CFPB) issued two rulemaking proposals today to address the Government-Sponsored Enterprises patch (GSE Patch) for Fannie Mae and Freddie Mac that is set to expire in January 2021 or when Fannie and Freddie exit conservatorship, whichever comes first.

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House Approves NAHB-Supported Bill to Boost Credit

Filed in Advocacy, Housing Finance by on November 19, 2015 0 Comments
House Approves NAHB-Supported Bill to Boost Credit

The House on Nov. 18 voted 255-174 to approve the Portfolio Lending and Mortgage Access Act (H.R. 1210), legislation that would broaden the definition of qualified mortgages by allowing residential mortgage loans held in portfolio by community banks to qualify for safe harbor protections.

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Regulators Act to Loosen Tight Credit Spigot, Boost Home Sales

Filed in Codes and Standards, Housing Finance by on October 21, 2014 1 Comment
Regulators Act to Loosen Tight Credit Spigot, Boost Home Sales

U.S. financial regulators this week announced separate actions that should boost the housing market and home sales by enabling more creditworthy borrowers to access home loans.

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House-Passed Bill Would Boost Mortgage Liquidity

Filed in Advocacy, Housing Finance by on September 19, 2014 1 Comment
House-Passed Bill Would Boost Mortgage Liquidity

The House on Sept. 16 approved H.R. 5461, bipartisan legislation that would amend and clarify the definition of a qualified mortgage under the Dodd-Frank Act to allow more borrowers to qualify for sound home loans.

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NAHB Weighs in on Proposed Credit Risk Retention Rule

Filed in Housing Finance, Multifamily by on November 4, 2013 0 Comments

NAHB scored an important victory for builders and home buyers in August when regulators withdrew a proposed qualified residential mortgage (QRM) standard that would have resulted in 20% downpayments becoming the market standard. At the time, the regulators set out a new proposal that would align the definitions of a qualified residential mortgage with the […]

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