Proposal Would Assist Nonprofits and Allow for Refunds of Excess Points and Fees for Qualified Mortgages
Washington, D.C.–(ENEWSPF)–April 30, 2014. Today the Consumer Financial Protection Bureau (CFPB) is proposing minor adjustments to its mortgage rules to ensure access to credit. The proposal includes two changes that would help certain nonprofit organizations continue to provide mortgage credit and servicing to underserved populations. The proposal also lays out limited circumstances where lenders that exceed the points and…
