LO Comp questions remain after bureau finalizes QM amendments

The Consumer Financial Protection Bureau recently finalized long-awaited amendments to its ability-to-repay/qualified mortgage rule to address outstanding issues related to the counting of loan originator compensation for the purposes of QM’s 3 percent points and fees cap. Dodd Frank Update sat down with Richard Andreano, a partner at Ballard Spahr LLP, during the 2013 National Settlement Services Summit in Cleveland to get his take on the amendments. Read on for the details.