Four Years into CFPB’s Ability-to-Repay Rule, Optimists Hope Non-QM Becomes More Than Niche
January 18, 2018
The game-changing ability-to-repay mortgage lending rule from the Consumer Financial Protec-tion Bureau took effect four years ago this month. At that time, regulators said there would be plenty of mortgage lending outside the parameters of the qualified-mortgage box. So far, however, that ex-pectation has yet to be realized.