Regulators Vow to Work With Industry on Mortgage Rules
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and acting Federal Housing Finance Agency (FHFA) Director Edward DeMarco on Monday promised to work with lenders to implement a bevy of new mortgage regulations intended to stave off a repeat of the foreclosure crisis of the late 2000s. Cordray's remarks, made during the Mortgage Bankers Association's 100th annual conference, sought to assuage fears that the new regulations will hurt lenders once they take effect early next year. DeMarco, meanwhile, assured the group that the FHFA does not plan to surprise the industry with additional rules involving the size of U.S. guaranteed loans.
From "Regulators Vow to Work With Industry on Mortgage Rules"
The Hill (10/28/13) Goad, Ben
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and acting Federal Housing Finance Agency (FHFA) Director Edward DeMarco on Monday promised to work with lenders to implement a bevy of new mortgage regulations intended to stave off a repeat of the foreclosure crisis of the late 2000s. Cordray's remarks, made during the Mortgage Bankers Association's 100th annual conference, sought to assuage fears that the new regulations will hurt lenders once they take effect early next year. DeMarco, meanwhile, assured the group that the FHFA does not plan to surprise the industry with additional rules involving the size of U.S. guaranteed loans.
From "Regulators Vow to Work With Industry on Mortgage Rules"
The Hill (10/28/13) Goad, Ben
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