Proposed Amendment to QM Rule - What Credit Unions Need to Know

Proposed Amendment to QM Rule - What Credit Unions Need to Know

 

Recently, the Consumer Financial Protection Bureau (CFPB) issued proposed amendments to the 2013 mortgage rules under Regulation Z. Of particular importance to credit unions is the proposed cure mechanism for the points and fees cap associated with qualified mortgages (QM).

Read more on CUInsight.com.