Consumer Financial Protection Bureau Proposes Rules to Bring Greater Accountability to Mortgage Market
| Date Published | 8/20/2012 |
| Author | Yefei Wei |
| Theme | Retail Housing Finance |
| Country | United States |
August 17, 2012
The Consumer
Financial Protection Bureau (CFPB) invites the public to comment on proposed rules
governing mortgage loan originations by October 16, 2012. These proposals
clarify and expand on existing regulations governing loan originator
compensation and qualifications. They also implement new laws, including a
restriction on the payment of upfront discount points, origination points, and
fees on most mortgage loan transactions.
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