Tag: Fees

CFBP – ATR and QM Thresholds Updated – Dated July 17, 2020

Written by: Lloyd Rutherford, Staff Writer Understanding what triggers a high-cost mortgage is important to anyone in the origination side of this business.  This article reviews the latest update for these thresholds. Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending […]

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USDA Rural Development will begin charging a new “Technology Fee”

Written by: David Hail, Staff Writer There are more fees to disclose on USDA loans so read through this article to find out what needs to be disclosed and when. Rule Synopsis: On November 8, 2019 USDA Rural Development announced that they will be collecting a new “Technology Fee” from Lenders effective January 1, 2020. […]

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