A key mortgage reform included in the Dodd-Frank Wall Street Reform and Consumer Protection Act is at risk of being weakened by new legislation submitted during the 113th Congress. House bill H.R. 1077 would create loopholes in the definition of "Qualified Mortgage" and, as a result, allow higher-fee mortgages to improperly gain Qualified Mortgage status. The Qualified Mortgage designation is intended to benefit borrowers by restricting these mortgages from having risky features such as high origination fees.

This fact sheet highlights the fees and loopholes that would hurt America's economy.

And in this letter to Congress, CRL and other organizational members of Americans for Financial Reform urge lawmakers to oppose H.R. 1077 and protect hard-won consumer mortgage protections.

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