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Home » CFPB Loan Originator Final Rule Drops "Zero-Zero Alternative"
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CFPB Loan Originator Final Rule Drops "Zero-Zero Alternative"

January 29, 2013
The CFPB has promulgated its loan originator compensation final rule, perhaps most notable for what it didn't include. Industry groups had urged the bureau to drop from the final rule its proposed "zero-zero alternative that would have required lenders to offer a loan option with no discount points or origination fees any time they offered a mortgage with such payment features. Industry representatives said...
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