The housing finance sector will have to wait until next year for the final rule on what constitutes a 'qualified residential mortgage' (QRM), the unofficial head of the Consumer Financial Protection Bureau (CFPB) told a regulatory forum in Washington.

The CFPB is "carefully reviewing" comments it received on the proposed rule, but won't make a final determination until "early next year," Raj Date told the meeting, which is sponsored by ASR sister publication National Mortgage News.

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