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Monday, December 31, 2012

CFPB to Release QM Rule

Inside Mortgage Finance has reported the CFPB is planning to release a final version of its Qualified Mortgage (QM) rule late January 9.

The Dodd-Frank Act mandates that the CFPB complete several mortgage-related rulemakings by January 21, 2013.

As we reported earlier, the CFPB has already announced it will be holding two mortgage policy field hearings. The first of which will occur on January 10 in Baltimore, MD. The second will be on January 17 in Atlanta, GA.

Read more from Inside Mortgage Finance.

Register for the CFPB field hearings.

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