The revised QM rule and potential effect on the non-agency market

The revised Qualified Mortgage (QM) rule will likely not go into effect until October 1, 2022–more than a full year past the initial deadline of July 1, 2021 set by the Consumer Financial Protection Bureau (CFPB). The rule states that government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, would move to a price-based model instead […]