Tag:points and fees

1
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

Copyright © 2023, K&L Gates LLP. All Rights Reserved.