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.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.