Trade groups critique CFPB’s new QM, servicing proposal

Industry participants sounded off on the Consumer Financial Protection Bureau’s proposed changes for two major mortgage rulemakings that were finalized earlier this year. The proposed amendments, released by the bureau on April 19, seek to address industry questions and concerns related to the CFPB’s mortgage servicing rules and the ability-to-repay/qualified mortgage rule. Read on to learn what commenters liked and disliked about the proposals.