Gradual transition needed from GSE Patch to new QM rule

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CUNA supports the CFPB’s proposed extension of a temporary QM loan definition known as the GSE Patch, it wrote Monday, but believes time should be given for a gradual transition period. The proposal would extend the date of the GSE Patch.

https://news.cuna.org/articles/118250-gradual-transition-needed-from-gse-patch-to-new-qm-rule