David Motley, president of Colonial Savings and CU Members Mortgage, said a recent proposed rule from the CFPB, if allowed to take effect, could help ameliorate the impact of one of the agency's other mortgage rules.
CU Members Mortgage is a Dallas-based mortgage originator based in Dallas that serves more than 1,000 credit unions.
In an interview with CU Times, Motley said he looked forward to the prospect of the CFPB allowing mortgage issuers to fix small mistakes they made in the calculation of fees when underwriting qualified mortgage loans.
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