Items Tagged with 'Mortgage Choice Act'

ARTICLES

  • Mortgage Choice Act approved by House of Representatives

    Bill to adjust TILA definition of points and fees passes House for third time
    The House of Representatives voted Thursday to pass the Mortgage Choice Act of 2017, which would adjust the Truth in Lending Act’s definitions of points and fees under the Ability to Repay/Qualified Mortgage rule. This is actually the third time that the House has passed a “Mortgage Choice Act” that contained similar provisions.
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  • Realtors urge Congress to support Mortgage Choice Act

    Would reduce regulatory burden for lenders affiliated with brokerages
    In a letter sent to Congress on Monday, the National Association of Realtors urged representatives to support the Mortgage Choice Act. The bill would adjust the Truth in Lending Act's definitions of points and fees under the Ability to Repay/Qualified Mortgage rule.
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  • Huge Mortgage Choice Act critic was supporter in August

    Maxine Waters stands against bill she urged Senate to pass in 2014 letter
    The ranking Democrat on the House Financial Services Committee took to the House floor to strongly oppose a measure the mortgage industry says is critical. But the thing is, just nine months ago, she just as strongly wanted it passed. Read on.
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  • Mortgage Choice Act reintroduced in Congress

    Bipartisan bill faces friendlier Senate environment
    A bipartisan bill easing regulatory burdens on the mortgage finance industry was submitted to Congress today. Here's why it failed last Congress, and why it faces better prospects this time around.
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