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