On June 9, the U.S. House of Representatives unanimously passed H.R. 3211, the Mortgage Choice Act of 2013. The bill, sponsored by Rep. Bill Huizenga, R-Michigan, specifically exempts fees paid to businesses affiliated with the lender, such as title companies, from the computation of points and fees under the QM cap.
[embed]http://www.mortgagenewsdaily.com/06102014_qualified_mortgage.asp[/embed]