New QM rule date could heighten risk of loose underwriting
The Consumer Financial Protection Bureau has pushed back the date for lenders to comply with its ‘qualified mortgage’ rule by more than a year, easing conditions for homeowners and lenders, but potentially opening the door to riskier underwriting.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast