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Monday
May102021

Qualified Mortgage Final Rule Extended

DateMonday, May 10, 2021 at 2:56PM by AuthorBanking Spectrum
The Consumer Financial Protection Bureau has issued a final rule to extend the mandatory compliance date of the General QM Final Rule from July 1, 2021 to October 1, 2022.
The Bureau has also issued an executive summary and an unofficial redline of the rule and has updated other compliance aids related to the ATR/QM Rule. The resources are available at: www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/ability-repay-qualified-mortgage-rule/.

 

Read more in The Gold Book.

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    Response: website
    by aosinee at hoaineen on July 31, 2021
    I can not wait to follow the site for more updates and getting the effective thoughts as well, thanks for sharing with us. This blog has been sharing us more finance updates.

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