Qualified mortgage rules

CFPB's Kraninger says QM proposal, remittance rule will be out by May


The agency's director said both steps will come as part of an ongoing review of agency rules and show "my commitment under the law to be effective and evidence based” in providing clarity to stakeholders.


4 questions as CFPB closes in on revamp of key mortgage rule


The agency is sending a strong message that it won’t rush to end an exemption for Fannie Mae and Freddie Mac while also signaling longer-term changes that will affect all lenders.


5 changes lenders want from CFPB’s rewrite of QM rule


Industry groups are calling on the consumer bureau to eliminate the debt-to-income limit for “qualified mortgages” and provide a short-term extension of special treatment for Fannie- and Freddie-backed loans.


Senate Dems urge CFPB to extend QM patch


Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.


Lender risk from CFPB underwriting rule tested in Ohio case


The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.


New villain in battle over CFPB mortgage rule: Appendix Q


With the agency mulling changes to the “Qualified Mortgage” regulation, mortgage lenders say little-known standards for how they document a borrower’s income would be a good place to start.


Reading between the lines of CFPB’s regulatory to-do list


The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important.


In mortgages, these banks zigged while many others zagged


While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.


Dear CFPB: Let the QM ‘patch’ expire


A GSE exemption in the bureau’s “qualified mortgage” rule is set to sunset in 2021, and regulators should not try to extend it as some experts have suggested.


Insights — including Dimon’s sour take on mortgages — from JPMorgan’s 1Q


JPMorgan Chase's banner quarter didn't stop executives from warning that the pause in rate hikes could crimp profits, or from hinting that the bank might downsize its mammoth mortgage operation.