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RESPRO Comment Letter on QM Assessment

Wednesday, August 2, 2017   (0 Comments)
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RESPRO submitted comments on the five year assessment of the Ability to Repay/Qualified Mortgage Rule (QM).  RESPRO focused its comments on needless discrimination against affiliated businesses (AfBAs) under the 3% cap on fees and points.  AfBAs are already held to a higher standard under RESPA and TRID.  RESPRO urged CFPB to use its broad pro-consumer powers to end this discrimination.   [more]



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