The Consumer Financial Protection Bureau wants to provide more flexibility in determining what counts as a safer qualified mortgage, and is moving quickly to finalize a rule before a potential change in administrations.
The CFPB is proposing to eliminate a borrower debt-to-income ratio that has been a key measure for determining whether a mortgage is safe, and a lender is shielded from potential litigation, as part of a broader Trump administration push to take Fannie Mae and Freddie Mac out of government conservatorship.
The proposal to rewrite the qualified mortgage standard, unveiled June 22, comes with a brief 60-day comment ...
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