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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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.