Tag Archives: Points and Fees

Seven months after the implementation of its ability-to-repay and qualified mortgage (QM) rules, the Consumer Financial Protection Bureau (CFPB) announced it is tweaking the loan thresholds used to determine the maximum points and fees for QM loans.

A bill designed to amend mortgage fee calculations under new industry rules cleared a major hurdle Monday, passing the House despite reservations from critics who say it may reopen the door to irresponsible lending. Introduced last year by a bipartisan group of representatives, H.R. 3211 would amend TILA to exempt fees from affiliated title companies from counting toward the 3 percent point and fee threshold established in the QM rule.