House Committee Approves Points and Fees Bill

May 13, 2014

The House Financial Services Committee on May 7 marked up and approved H.R. 3211, which would modify the definition of points and fees in the Dodd-Frank Act’s Ability to Repay/Qualified Mortgage (QM) provisions. Because ALTAs members are on both sides of the issue, the association is not advocating for or against the bill.

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