The year 2020 was a tumultuous one given the unexpected COVID-19 pandemic, particularly for the mortgage lending and servicing industry. In response to sudden stay-at-home orders and a sharp drop in employment rates, federal...more
4/2/2021
/ Biden Administration ,
CARES Act ,
Code of Federal Regulations (CFR) ,
Consumer Litigation ,
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Litigation Fees & Costs ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Paycheck Protection Program (PPP) ,
Regulatory Oversight ,
State and Local Government ,
State Regulators
The Consumer Financial Protection Bureau (CFPB) released two final rules amending the General Qualified Mortgage loan definition in Regulation Z and creating a new “Seasoned QM” loan category in Regulation Z. The General QM...more
The Consumer Financial Protection Bureau (CFPB) recently issued a proposed rule to create a new category of Seasoned Qualified Mortgages (QMs). The proposal seeks to “encourage safe and responsible innovation in the mortgage...more
The Consumer Financial Protection Bureau (CFPB) recently proposed certain amendments to the General Qualified Mortgage (QM) definition in Regulation Z and issued a filing rule extending the expiration of the...more