The House Financial Services Committee recently advanced two bills slated to improve access to real estate settlement services and products.
Committee members voted 34-22 to send H.R. 2570, the Mortgage Fairness Act of 2017, to the full House after a July 24 markup session involving seven pieces of legislation. H.R. 2570 amends TILA to clarify that the points and fees relating to a mortgage loan do not include certain compensation amounts already taken into account in setting the interest rate on the loan.
Read on for Rep. Maxine Waters’ reaction to the committee’s votes on that bill and others up for further consideration.
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