CFPB Announcement to Impact QM Deadline

September 22, 2020 Christina Hughes Babb

The Consumer Financial Protection Bureau (CFPB) has announced a three-day extension on the comment period on its notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs). The original deadline of September 28 was moved to October 1 in order to accommodate for Yom Kippur, the holiest day of ...

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