June 24, 2024


Advocacy. Mediation. Success.

CFPB Proposes New “Seasoned Qualified Mortgage”

On August 18, 2020, the CFPB issued a notice of proposed rulemaking that would build a new group of “seasoned experienced mortgages” (Seasoned QMs) “to persuade innovation and help ensure access to dependable reasonably priced home finance loan credit rating.”  This new QM group would grant QM standing to sure home finance loan financial loans held in a lender’s portfolio in the course of a “seasoning period” of at the very least a few several years.  Loans will have to fulfill sure effectiveness needs in the course of that period, as very well as limits on…
By: Weiner Brodsky Kider Computer system