WASHINGTON — The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureau's qualified mortgage rule.

The Mortgage Choice Act, introduced by Reps. Bill Huizenga, R-Mich, and Gregory Meeks, D-N.Y., would exclude insurance and taxes held in escrow and fees paid to affiliated companies from the points and fees tally, which is limited by the rule to 3% of the mortgage cost. The House agreed to the measure by voice vote.

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