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GSE guidance for revised General QM definition

Fannie Mae and Freddie Mac (FNMA or FHLMC, respectively, or the “GSEs” collectively) recently provided additional guidance on their changes in...
Author: Compliance Team

GSEs announce plans to limit purchases to loans meeting revised General QM rule

On April 27, 2021, the CFPB formally announced the delay of the mandatory compliance date of the General Qualified Mortgage (QM) Final Rule from July...
Author: Compliance Team

CFPB rescinds 7 pandemic-related policy statements

The Consumer Financial Protection Bureau has announced that it is rescinding seven policy statements that were issued last year to assist financial...
Author: Compliance Team

CFPB issues statement on financial institutions serving LEP consumers

On Jan. 13, the Consumer Financial Protection Bureau (CFPB) issued a “Statement Regarding the Provision of Financial Products and Services to...
Author: Compliance Team

IRS releases new form 4506-C

The Internal Revenue Service (IRS) recently released a new version of Form 4506, as Form 4506-C, IVES Request for Transcript of Tax Return (version...
Author: Compliance Team

California enacts consumer financial protection law

The California legislature recently enacted a new consumer protection law, called the Consumer Financial Protection Law (CFPL).
Author: Compliance Team
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GSE guidance for revised General QM definition
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