CFPB report focuses on ‘discount points,’ but paints an incomplete picture
The Consumer Financial Protection Bureau (CFPB) on Friday issued a report indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of the practice has picked up over the past two years with undetermined value for mortgage borrowers. “The percentage of homebuyers paying discount points [...]read moreCFPB report focuses on ‘discount points,’ but paints an incomplete picture