DSNews | Fannie Mae and Freddie Mac: Getting from Here to There | News & Insights

In the News May 7, 2021

American Banker | Confusion over CFPB Underwriting Rule Persists

Stephen Ornstein is quoted on the conflicting deadlines for loans backed by Fannie Mae and Freddie Mac to comply with the Consumer Financial Protection Bureau’s Qualified Mortgage standard.

Advisories April 12, 2021

Financial Services & Products Advisory: Fannie Mae and Freddie Mac Sunset the QM Patch

The qualified mortgage (QM) rules have become a world of contradictions. Our Financial Services & Products Group investigates how the residential mortgage markets can thread the needle between new rulings from Fannie Mae and Freddie Mac and recent rulings from the Consumer Financial Protection Bureau.

Advisories February 24, 2021

Financial Services & Products Advisory: CFPB Delays Implementation of General QM Rule and May Jettison the “Seasoned QM” Rule

With a change in Administration, the Consumer Financial Protection Bureau changes its mind about qualified mortgage rules for residential mortgages. Our Financial Services & Products Group reviews how the Biden CFPB’s last-minute delay may upend the Trump Administration’s last-minute changes to the qualified mortgage rules.