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  • Mortgage Lenders: Qualified Mortgage Rule Could Hinder Housing Recovery
    The Consumer Financial Protection Bureau’s (CFPB) definition of a “qualified mortgage” under its Ability-to-Repay rule has warranted praise among the mortgage industry in response, however, mortgage lenders and bankers caution that the rule could do harm to the housing recovery.  Particularly, the rule’s 3% cap on “points and fees” has caught some flak from the […]
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