In the October 26, 2020, issue of the Federal Register (85 FR 67938, click here) the Consumer Financial Protection Bureau (CFPB) published a Final Rule that extends the January 10, 2021, sunset date in §1026.43(e)(4)(iii)(B) of Regulation Z for qualified mortgages (QMs) eligible to be purchased or guaranteed by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (individually, GSE, and collectively, GSEs), while operating under the conservatorship or receivership of the Federal Housing Finance Agency (FHFA), pursuant to §1026.43(e)(4)(ii)(A) (Temporary GSE QM loans). The GSEs are currently under FHFA conservatorship.


The Final Rule is effective December 28, 2020.

Full Memorandum