The Consumer Financial Protection Bureau (CFPB) has released a new tool to assist institutions in their compliance efforts with the mortgage reform rules. The newest tool, a chart, maps out the types of qualified mortgages that small creditors can originate. The quick reference chart can be found here.
- CFPB Finalizes Mortgage Rule Changes Announced in June (mortgagenewsdaily.com)
- CFPB Publishes User Friendly Compliance Guides (mortgagenewsdaily.com)