CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.
CUNA attorney says credit unions will continue to make QM business decisions up to today's compliance deadline.
Qualified mortgage rules ready to roll while efforts to stall continue.
Shoring up qualified mortgage safe harbor provisions could require credit unions to double down on their traditional strengths and sharply improve documentation, according to legal experts.
In wake of CFPB rules, legal experts advise: Strengthen those protections through better communications, documentation.