Committee Approves Posey’s Legislation to Provide Home Buyers More Lending Options
Today the House Financial Services Committee approved Congressman Bill Posey’s (R-Rockledge) Mortgage Fairness Act (H.R. 2570), legislation to provide home buyers more options for more competitive mortgage interest rates. “The Consumer Financial Protection Bureau’s application of the qualified mortgage rule has distorted the wholesale lender market and caused confusion for consumers…