Fannie Mae and Freddie Mac Sunset the QM Patch | News & Insights

Advisories December 12, 2023

Financial Services & Products Advisory: Complying with the “Consider” Requirement Under the Revised Qualified Mortgage Rules

The originators of residential mortgage loans are inconsistent in meeting the “consider” requirement under the revised qualified mortgage rules. Our Financial Services & Products Group offers guidance for creditors looking to comply with this requirement.

Advisories June 9, 2021

Financial Services & Products Advisory: The QM Patch Is Down for the Count

Somehow, the qualified mortgage (QM) rules have become even more complicated. Our Financial Services & Products Group parses how the death of the QM Patch will affect creditors seeking to originate residential mortgage loans under Fannie Mae, Freddie Mac, or Consumer Financial Protection Bureau regulations.

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.

Advisories January 5, 2021

Financial Services & Products Advisory: CFPB Retires the “QM Patch” and Revises QM Rules

Our Financial Services & Products Group explains what will happen in the wake of the Consumer Financial Protection Bureau ending the QM Patch and what it means for the future of the residential mortgage market.