The financial industry has been afforded the first month of 2020 to weigh in on a mandatory review of the risk retention mortgage (QRM) final rule, finalized in 2014 in accordance with the Dodd-Frank Act.
Stakeholders also are encouraged to suggest potential changes to the Consumer Financial Protection Bureau’s Qualified Mortgages definition, which is aligned with the QRM standard.
Learn more details about what the review will entail.