CFPB ISSUES TWO FINAL RULES TO PROMOTE ACCESS TO RESPONSIBLE, AFFORDABLE MORTGAGE CREDIT

摘要

On December 10, 2020, the Consumer Financial Protection Bureau (CFPB) issued final rules related to qualified mortgage (QM) loans. Lenders are required by law to determine that consumers have the ability to repay mortgage loans before lenders make those loans. Loans that meet legal standards for QM loans are presumed to be loans for which consumers have such an ability to repay.