Officials close to the matter said the MI policy briefing was cancelled due to Senate approval of a new permanent director to the agency, Mel Watt, a former North Carolina Congressman.
In certain ways, HUDs "qualified mortgage" definition is less restrictive than the CFPB edict, including setting no limit on a borrowers debt-to-income ratio.
The changes are part of an extensive overhaul aimed at boosting the rural housing market, increasing the availability of rural home loans and spurring the construction of new homes in rural areas.