The Consumer Financial Protection Bureau has issued an advance notice of proposed rulemaking (ANPR) seeking information relating to the expiration of temporary qualified mortgage provisions.
The proposal applies to certain mortgage loans eligible for purchase or guarantee by the government-sponsored enterprises Fannie Mae and Freddie Mac and the Bureau’s Ability-to-Repay/Qualified Mortgage Rule. This provision, also known as the GSE patch, is scheduled to expire no later than Jan. 10, 2021.
