Last week, the CFPB issued the Patch Extension Final Rule amending the Ability-to-Repay/Qualified
Mortgage Rule. The Final Rule extends the sunset date for the Temporary GSE QM category. The
Temporary GSE QM category will expire on the earlier of: (1) the mandatory compliance date of the final
rule amending the General QM loan definition, or (2) the date that the GSEs exit conservatorship.

For more information, you can access the Final Rule or the Executive Summary below.

Final Rule: https://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/qualified
mortgage-definition-under-truth-lending-act-regulation-z-extension-sunset-date/

Executive Summary: https://files.consumerfinance.gov/f/documents/cfpb_atr-qm-patch-extension
final-rule_executive-summary_2020-10.pdf