Rare Industry Kudos to CFPB for Changes to Qualified Mortgage Rules
ICBA applauds the CFPB for proposed changes to qualified mortgage rules to allow community banks greater flexibility. The changes include increasing the threshold for the "small creditor" designation from 500 first-lien mortgage loans per year to 2,000. The definition of "rural" was also expanded. ABA chimes in with its support to here. [1/30/15]