The House Financial Services Committee recently reported a bill to change TILA/RESPA rules and TRID tolerances to the full House for its consideration.
H.R. 2570, the Mortgage Fairness Act, is designed to amend TILA to revise the definition of “points and fees” under a high-cost mortgage.
Read on for more details on the bill, which proponents deem necessary due to mortgage brokerage fee issues stemming from the final Qualified Mortgage (QM) rule.
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