Consumer Financial Protection Bureau (CFPB) Considers Rules Relating to Mortgage Points and Fees and Mortgage Loan Originator Qualifications and Compensation

May 18, 2012

On May 9, 2012, the CFPB announced that they are considering a number of new rules relating to mortgage points and fees and mortgage loan originators’ qualifications and compensation. As indicated in their press release, the CFPB expects to propose these rules over the summer and finalize them by January 2013.