Comments Due to NAFCU: CFPB - Qualified Mortgage Definition (Extension of Sunset Date)
NAFCU would like to highlight the following:
- Currently, the Temporary Government Sponsored Enterprise (GSE) QM loan category (Temporary GSE QM or “GSE Patch”) expires on January 10, 2021, or upon the GSEs exiting conservatorship, whichever occurs first.
- This proposal extends the Temporary GSE QM loan sunset date until the amendments to the General QM loan definition take effect; removing references to January 10, 2021.
Comments due to NAFCU: August 7, 2020
Comments due to NCUA: August 10, 2020
NAFCU will send comments on behalf of its members to the NCUA by their deadline (August 7, 2020).