With Just Weeks to Go Before the QM Jolt Strikes; Will Mortgage Lenders be Ready and Able to Cope?
December 19, 2013
In just a few weeks, it will become clear whether the Consumer Financial Protection Bureaus ability-to-repay rule will be the industrys Y2K moment. But in the meantime, three top industry attorneys shared some final advice and guidance during a QM double check webinar sponsored by Inside Mortgage Finance last week. Joseph Reilly, a partner at BuckleySandler LLP, emphasized the critical importance of lenders documenting their compliance with the new regulation. If a tree falls...