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