Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
W S
Lending / The Ticker

CFPB doesn't anticipate litigation outburst over QM

neighborhood houses1

Consumer Financial Protection Bureau Director Richard Cordray is confident the qualified mortgage rule will not stump the mortgage market in early 2014.

Cordray in a speech said banks will need time to implement all of the new standards, and he doesn't anticipate an outburst of litigation as the market adjusts to the guidelines, Bloomberg writes.

“Let me also assure you that our oversight of the new mortgage rules in the early months will be sensitive to the progress made by institutions that have been squarely focused on making good-faith efforts to come into substantial compliance on time –- a point that we have also been discussing with our fellow regulators,” he said.
 

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus