The Consumer Financial Protection Bureau (CFPB) has finalized the qualified mortgages (QM) regulations, also known as the "ability-to-repay" mortgage rule. The rules are posted to the bureau's website and now may be considered "issued."
The CFPB is reopening the comment period for the proposed ability-to-repay rule which was issued by the Federal Reserve Board (FRB) on May 11, 2011.
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