Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 

The new CFPB report covers findings from examinations completed between December 2018 and March 2019. 

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...

When it comes to MBS guarantees, it would be a pay-as-you-go system...

Bank of America claims the CID is unnecessary, redundant and unduly burdensome because the bureau already has the information it is seeking. 

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.

Some are calling for the GSEs’ automated underwriting systems to be used after the QM patch expires to determine whether a mortgage is a QM.

The spokesperson added: “It should be noted that in the recently announced housing finance reform plan, Treasury recommends that volume-based pricing discounts or similar incentives should be prohibited at the enterprises.”

Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.

Some mortgage market participants suggested the CFPB replace the DTI ratio standard with a different measure, such as a residual income test.