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CFPB Rules Permit Qualified Mortgage “Cures”

September 23, 2019 By Stephen Ornstein

A&B Abstract: What happens when a proposed qualified mortgage is later discovered to have points and fees in excess of the statutory threshold?  The answer lies in a cure provision scheduled to sunset on January 21, 2021.  CFPB Rules Permit Qualified Mortgage “Cures” What happens to an originator or assignee of a “qualified mortgage” who […]

Filed Under: Ability to Repay/Qualified Mortgage, Consumer Financial Protection Bureau (CFPB), Mortgage Loans Tagged With: Ability to Repay, QM

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