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CFPB Declares 'Fresh Look' at Qualified Mortgage Rules

The Consumer Financial Protection Bureau announced it will revisit, and possibly update, decade-old rules for the mortgage market.

CFPB 150x150CFPB director Rohit Chopra said in a blog post that the agency will be taking a “fresh look” at “a host of rules.”

The reviews, he said, include: “The CFPB’s Qualified Mortgage Rules to explore ways to spur streamlined modification and refinancing in the mortgage market, as well as assessing aspects of the ‘seasoning’ provisions.”

Read the full announcement.

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