Finance & markets · 28/08/2020Updated: 10/17/2026 · 1 min read
Bureau Proposes Seasoned QM Loan Definition Under Truth in Lending Act
Summary
The Consumer Financial Protection Bureau is proposing a new category of qualified mortgages, known as Seasoned QMs, which would provide protections for first-lien, fixed-rate covered transactions that meet certain performance requirements over a 36-month seasoning period.