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Industry backs CFPB QM points and fees cure proposal, suggests tweaks
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Consumer Protection
Monday, June 16, 2014
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Industry commenters critiqued the Consumer Financial Protection Bureau’s proposal to establish a mechanism to cure qualified mortgage points and fees overages. The agency unveiled the proposed QM cure April 30 and sought comment on its provisions. Industry participants approved of the cure but suggested some changes to the proposal. Read on to learn what they had to say.
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