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RESPRO® Submits Comment Letter Addressing Concerns in QM Modification

Thursday, September 3, 2020   (0 Comments)
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RESPRO® Submits Comment Letter Addressing Concerns in QM Modification

 

RESPRO® submitted a comment letter to CFPB Director Kathy Kraninger on the CFPB's proposal to modify the Qualified Mortgage (QM). In the letter, RESPRO® addressed a number of concerns including potential unintended consequences of keeping vague references to DTI. RESPRO® also advocated for leveling the playing field in determining fees and points. Comments are due September 8.  
 
CLICK HERE for the letter.


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