Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA), applauded HR 1077, the Consumer Mortgage Choice Act, introduced earlier in March in the U.S. House of Representatives by Rep. Bill Huizenga (R-MI). The bipartisan bill would modify the definition of points and fees in the Dodd-Frank Act’s Ability to Repay/Qualified Mortgage provisions to improve access to affordable mortgage credit for qualified borrowers.
Read the full article via MBA Applauds Bipartisan QM Proposal | Mortgage News | Daily National and State Headlines.
