Tag: QM

Fannie Mae Selling Guide Announcement LL-2021-09 and Freddie Mac Bulletin 2021-13 – Both Dated April 8, 2021

Written by: Lloyd Rutherford, Staff Writer We haven’t seen a change like this in years.  This article is a must read for any mortgage lender. Rule Synopsis: Big changes coming for both Fannie and Freddie regarding the GSE Patch we have been working with since 2014, which allowed the agencies to purchase loans from their […]

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CFBP Issues Final Rule Extending GSE Patch – Dated October 20, 2020

Written by: Lloyd Rutherford, Staff Writer There is a lot of market speculation as to what is going to happen to the QM [Qualified Mortgage] patch that was set to expire next year.  Read this update to get the details about how the CFPB is handling this issue with the industry. Rule Synopsis: On October […]

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CFPB- Truth in Lending (Reg Z) – Annual Threshold Adjustments for HOEPA and Qualified Mortgages

Written By: Tammy Butler, Master CMB Annual Thresholds for Qualified Mortgages have been issued by the CFPB. Rule Synopsis: The Bureau is required to calculate annually the dollar amounts for several provisions in Regulation Z; this final rule reviews the dollar amounts for provisions implementing TILA and amendments to TILA, including the Home Ownership and […]

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