What are QM points and fees bona fide third party charges?

QM refers to "Qualifying Mortgage" and the new laws state that the "Lender" cannot charge more than 3% of the loan amount, plus bona fide 3rd party fees. These fees include tile,escrow, impounds, transfer fee's, etc.. On the Good Faith Estimate, Block "A", this is where lender fee's are imputed.. this number cannot exceed 3% of your loan amount.. certain 3rd party fees have a 10% tolerance, which means they must be fairly accurate to within 10%. Other fees are not restricted, but usually are not required to do a mortgage.. I hope this helps.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com