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Don’t rely on the “GSE Patch”

Answered by: 

Question: 
We chose to use the temporary GSE QM rule in the past. Is that option still available?
Answer: 

The availability of the temporary GSE QM ceases on July 1, 2021. Although the CFPB proposed to extend use of that option until October 1, 2022, Fannie and Freddie had other plans.

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Learn more about Jack Holzknecht’s ATR/QM Review and Update webinar.

First published on 06/20/2021

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