The Consumer Financial Protection Bureau (CFPB) Thursday issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for purchase or guarantee by the GSEs, Fannie Mae and Freddie Mac, in the CFPB’s Ability to Repay/Qualified Mortgage (ATR/QM) Rule. 

In response to the release of the Qualified Mortgage ANPR, Structured Finance Association CEO Michael Bright issued the following statement:

“The Structured Finance Association very much appreciates the fact that the CFPB is giving the important topic of Ability to Repay and the Qualified Mortgage focus and attention. We thank them for this work, and we look forward to working with them, and other policymakers and regulators, on a solution that works for the entire market ecosystem as well as homeowners in every community.”