Where Is Mortgage Lending Protocol Headed? The Future Of The Mortgage Industry Is Set To Change In The Next 6 Months.
In this article from the Mortgage News Daily - In the 12 months since last addressed there had been some progress in clearing the uncertainty of a year earlier and an improving housing market. The first of the rules mandated under Dodd Frank have come out of the Consumer Financial Protection Bureau (CFPB) and the housing market appears to be in a broad recovery. The new regulations will help shape the lending environment in which MBA member must operate and homeowners must navigate. Increased certainty alone will not solve the remaining ills of the housing and mortgage markets. The rules must be done right, in a coordinated fashion mindful of downstream impacts, if we are to accelerate the housing recovery.
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