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HUD QM Rule - Intention to Adopt Changes to Exempted Transaction List (24 CFR Part 203)
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Tuesday, November 4, 2014
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The Department of Housing and Urban Development altered its qualified mortgage definition in response to final Consumer Financial Protection Bureau amendments unveiled Oct. 22. Although HUD adopted the CFPB’s changes to an exemption for non-profit transactions, it did adopt the bureau’s new QM points and fees cure provisions.
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Monthly Newsletter |
Cover Story:
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