CFPB Proposes Amendments to Qualified Mortgage Rule

May 6, 2014

Responding to concerns about origination and servicing issues, the Consumer Financial Protection Bureau published a proposed rule offering three amendments to the Qualified Mortgages rule. In particular, the proposed rule would create a limited, post-consummation cure mechanism for mortgage loans thought to be qualified mortgages at origination but that actually exceed the points and fees limit for QMs.

Please Log In to View


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. At ALTA SPRINGBOARD, we vow to give you a forum for fresh thinking and new insights, and help accelerate your career and differentiate your business from the pack.