Fall 2013 Federal Highlights

HUD has issued a proposed rule defining an FHA qualified mortgage.  Under the proposed rule, most FHA products will be a qualified mortgage if FHA insurable and points and fees on the loan exceed 3%. 

The CFPB continues to tweak its Ability to Repay, Servicing and Loan Originator Compensation rules.  These revisions, along with compliance guides, are available on the CFPB’s website.

Posted in Federal Highlights, Newsletters


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