Urban Institute: Qualified Mortgage impact overblown

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New rules have only slightly slowed mortgage lending

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Kovacevich says fine is political and has “nothing to do with justice”

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Loans date back to Countrywide and Merrill Lynch
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Consumer bureau architect Warren courts GOP, private sector

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White House adviser Elizabeth Warren is traveling around the country at a breakneck pace and courting support from House Republicans as she works to set up the Consumer Financial Protection Bureau, Treasury documents show. Her schedule provides a glimpse into her work setting up the CFPB, which is due to go live in July, after being created by the Dodd-Frank financial reform law.

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