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HUD Adopts CFPB Changes to Qualified Mortgage Rule 

Nov 05, 2014By

The Department of Housing and Urban Development (HUD) will adopt changes pertaining to its qualified mortgage rule, which could provide more access to credit for borrowers with low and moderate incomes, the agency writes in a notice.  In early 2013, the Consumer Financial Protection Bureau (CFPB) announced proposed definitions for “qualified mortgage” and a borrower’s ability […]