Archive: 23 October 2013

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Federal Regulators Alleviate Fair Lending Concerns Regarding QM Origination

Federal Regulators Alleviate Fair Lending Concerns Regarding QM Origination

By: Stephanie C. Robinson, Andrew L. Caplan

Recognizing that many creditors will be inclined to originate only “qualified mortgages” (“QM loans”) when the CFPB’s ability-to-repay rule takes effect in January, five federal regulators yesterday announced that a creditor’s decision to offer only QM loans will not elevate the creditor’s fair lending risk, absent other factors. Read More

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