The qualified mortgage (QM) rules have become a world of contradictions. In a client advisory, our Financial Services & Products Group investigates how the residential mortgage markets can thread the needle between new rulings from Fannie Mae and Freddie Mac and recent rulings from the Consumer Financial Protection Bureau.
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Fannie Mae Updates COVID-19 FAQ’s Related to Servicing
A&B ABstract: On June 30, Fannie Mae updated its “COVID-19 Frequently Asked Questions” as part of an ongoing effort to provide guidance to lenders and servicers in connection with the ongoing COVID-19 national emergency. The updates address retention workout options and incentive fees, among other topics. Foreclosure Suspension Fannie Mae has updated Question 3 to […]