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Home » Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Repay Rule
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Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Repay Rule

March 5, 2018
Fannie Mae is keeping a close watch on any future changes to the CFPB’s ability-to-repay/qualified mortgage rule, saying whatever happens could have a “material effect on the quality and quantity of loans available for sale to us.” Roughly a year ago, the CFPB announced it would begin its statutorily-mandated assessment of the ATR and QM provisions. “The CFPB is required to assess the effectiveness of the regulations in light of its stated goals and to publish a report, after public comment, on whether ...
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