Points and Fees Legislation Reintroduced in House

February 10, 2015

Rep. Bill Huizenga (R-Mich.) and a group of nine bipartisan House members reintroduced the Mortgage Choice Act (HR 685), which would exclude fees a lender pays to an affiliated title company from a 3 percent cap on points and fees under the Consumer Financial Protection Bureau's Qualified Mortgage rule.

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