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Loan Originator Compensation

ABA Position

ABA urged the CFPB to drop a provision in its proposed rule 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. ABA said this “zero-zero alternative” would not be a viable option for most banks for various structural and market reasons. The CFPB opted not to include this alternative in its final rule.

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