Archive: 4 June 2013

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CFPB Addresses Double-Counting of Loan Originator Compensation in Points and Fees

CFPB Addresses Double-Counting of Loan Originator Compensation in Points and Fees

By: Kristie D. Kully Anaxet Y. Jones

Earlier this week, the Consumer Financial Protection Bureau (“CFPB”) issued a final rule (the “Final Rule”) that attempts to fix the double-counting problem when including loan originator compensation in the points and fees calculation for Qualified Mortgages (“QMs”) and high-cost loans under Section 1026.32 (“HOEPA Loans”). Read More

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