The pandemic makes sense, but it may not be the real reason why the CFPB has delayed the mandatory compliance date for the QM standards drafted during the final days of the Trump administration.
Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
Federal Reserve Chair Jerome Powell suggested expanding the Community Reinvestment Act to include nondepository financial institutions but said Congress will have to make that decision.