Bill Introduced to Exclude Affiliated Title Charges from QM Provision
March 19, 2013
The bill would amend the ability to repay/Qualified Mortgage provision in Dodd-Frank to exclude title charges and certain escrow charges if they are paid to an affiliate of the originator under the law’s calculation for the 3 percent cap for points and fees. Read on to learn how ALTA can help you advocate on this issue.
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