CFPB moves to clear up confusion over mortgage-rule exemptions

04/16/2013 | AmericanBanker.com (free registration)

A Consumer Financial Protection Bureau blog post seeks to clarify certain exemptions in the ability-to-repay, qualified mortgage and escrow rules released earlier this year. Among the clarifications, the agency says it will use the U.S. Department of Agriculture's Economic Research Service codes to define "rural" counties and Home Mortgage Disclosure Act data to identify "underserved" counties.

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