In January, the Consumer Financial Protection Bureau released its qualified mortgage, or ability-to-repay, provisions. The rule drew praise from some for including a safe-harbor provision for lower-risk loans and saving a rebuttable presumption standard for higher-risk mortgages. However, many trade professionals still voiced concern as they dug through the complex guidelines of the rule, which is set to take effect in January 2014.

 

Premium Content

Premium content on HousingWire.com is limited to our paid subscribers.

If you're already a subscriber, please login to your account, or subscribe today to access this item.