The GSE ‘Patch’ is Expiring. So, What’s Next?
Earlier this summer, the Consumer Financial Protection Bureau announced plans to end its temporary qualified mortgage provision that has, since 2014, applied to certain mortgage loans backed by Fannie Mae and Freddie Mac. Now, the so-called GSE Patch is scheduled to expire by January 10, 2021. As explained by FPB Director Kathleen Kraninger: “Loans backed […]
