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Home » Store » Ability to Repay » More Needed from CFPB, HUD, Banking Regulators In Reviews of QM, QRM Regulations, GAO Says

More Needed from CFPB, HUD, Banking Regulators In Reviews of QM, QRM Regulations, GAO Says

$55.00
Ability to Repay

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The Government Accountability Office wants federal regulators responsible for reviewing the qualified mortgage and qualified residential mortgage rules to make sure they consider specific metrics and analytic methods. The Consumer Financial Protection Bureau, the Department of Housing and Urban Development, and the other federal agencies are slated to issue a review of the QM rule in January. The review of the QRM standard, part of a mortgage-securitization rule, won’t happen until 2019. So far, the regulatory agencies have identified...
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