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Mortgage Fairness Act of 2015
Legislative Progress
Momentum (last 30 days)
0
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Mortgage Fairness Act of 2015 This bill amends the Truth in Lending Act to revise points and fees under a high-cost mortgage which currently include all compensation paid directly or indirectly by a consumer or creditor to a mortgage originator from any source, including a mortgage originator that is also the creditor in a table-funded transaction. "Table funding" means a settlement at which a loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds. A table-funded transaction is not a transaction in the secondary mortgage. Compensation from any source shall not include any compensation taken into account in settling the mortgage interest rate and for which there is no separate charge to the consumer. Such compensation shall include, however, any other compensation paid directly or indirectly by a consumer or creditor to an individual employed by or contracting with the originator or a mortgage originator.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2016 · fourth_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Prohibit unlicensed loan originator activities.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2016 · fourth_quarter · Banking
Passage of HR 3393 - The Mortgage Fairness Act - Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Amending HR 2121 to prohibit non-licensed loan originator activity. Amending Section 118 of S.1484 - Financial Regulatory Improvement Act of 2015 - States are required to permit loan originators working in other states to enter their state and offer loan products to consumers; without completing education and testing requirements.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · third_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Prohibit unlicensed loan originator activities.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · third_quarter · Banking
Passage of HR 3393 - The Mortgage Fairness Act - Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Amending HR 2121 to prohibit non-licensed loan originator activity. Amending Section 118 of S.1484 - Financial Regulatory Improvement Act of 2015 - States are required to permit loan originators working in other states to enter their state and offer loan products to consumers; without completing education and testing requirements.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · second_quarter · Banking
Passage of HR 3393 - The Mortgage Fairness Act - Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Amending HR 2121 to prohibit non-licensed loan originator activity. Amending Section 118 of S.1484 - Financial Regulatory Improvement Act of 2015 - States are required to permit loan originators working in other states to enter their state and offer loan products to consumers; without completing education and testing requirements.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · second_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Prohibit unlicensed loan originator activities.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · first_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Delay TRID enforcement rules issued by the CFPB- S. 1711 and H.R.3192
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2016 · first_quarter · Banking
Passage of HR 3393 - The Mortgage Fairness Act - Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Amending HR 2121 to prohibit non-licensed loan originator activity. Amending Section 118 of S.1484 - Financial Regulatory Improvement Act of 2015 - States are required to permit loan originators working in other states to enter their state and offer loan products to consumers; without completing education and testing requirements.
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · fourth_quarter · Banking
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Passage of HR 3393 - The Mortgage Fairness Act
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · fourth_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Delay TRID enforcement rules issued by the CFPB- S. 1711 and H.R.3192
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · third_quarter · Banking
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. Passage of HR 3393 - The Mortgage Fairness Act
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · third_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Delay TRID enforcement rules issued by the CFPB- S. 1711 and H.R.3192
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · second_quarter · Financial Institutions/Investments/Securities
Removal of creditor increase in par mortgage rates from Dodd-Frank QM mortgage rules. - HR 3393 Increase in VA Loan limits. Delay TRID enforcement rules issued by the CFPB- S. 1711 and H.R.3192
Client expense: Not reported · Firm income: $30,000
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)
| Republican |
| AL |
| Scott R. Tipton | Republican | CO |