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LendingLife: New General QM Rule up in the air

This post originally appeared in HousingWire’s LendingLife newsletter. LendingLife is a daily digest of the most important news and commentary edited and curated exclusively for mortgage loan originators. Join the community!

Hello, LOs!

How would you like to be questioned by Congress on Day 13 of your new job?

That’s what happened to Consumer Financial Protection Bureau Director Rohit Chopra on Wednesday. Lawmakers questioned Chopra for more than two hours about his plans for the regulator.

Chopra said he has given a lot of thought to making sure that the agency is not only going after small businesses, but details ⇒

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